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Ukraine seeks to float Eurobonds in Q1 2018

Oleksandr Danylyuk recognized the Ukraine needs foreign borrowing.

Ukraine can once again enter the international capital markets in the first half of 2018, said Finance Minister Oleksandr Danylyuk.

On the sidelines of a court in London the minister assured the agency Reuters that the floating of Eurobonds does not weaken the country's desire to carry out reforms.

"There are financial needs, and as finance minister, I have to meet these needs. Whenever markets are ready and the time is right, we need to use the market," he said.

"We have plans for this year, and investors are awaiting for us," he said and added that this opportunity may open before the end of June.

Last November, Danylyuk said that Ukraine plans to receive 2 bn dollars from the placement of Eurobonds in 2018.

In September, Ukraine placed Eurobonds worth 3 bn dollars.

Ukrainian currency has hit almost the level of 29 hryvnia/ dollar against the backdrop of problems with the allocation of the next tranche of the IMF.

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