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Ukraine to float Eurobonds in 2008

      RBC, 16.08.2007, Moscow 12:44:12.Ukraine is preparing to float Eurobonds worth USD600bn in 2008 compared to the USD1.2bn issued in 2007, the country's Finance Ministry reported in its forecast for economic and social development for 2008. The government's scheduled expenditure and the National Bank's payments for external liabilities are predicted to reach USD1.4bn, while the country's international currency reserves are expected to grow by USD2.8bn, which should be sufficient for covering balance risks and preventing any abrupt fluctuations on currency markets.

      The expected dollar exchange rate against the hryvnia is set to move within the annual range of 4.95-5.25UAH/USD, which is indicative of the uncertainty of the forecast period.

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