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Ukraine to issue $4.5 billion of eurobonds in 2011, budget envisions
Journal Staff Report

KIEV, Dec. 13 – Ukraine plans to raise $4.5 billion through the placement of government foreign loan bonds (eurobonds) in 2011, according to the documents submitted along with the draft national budget for 2011 to Parliament.

According to the Cabinet of Ministers, the government issued eurobonds worth $2 billion in 2010.

Next year the government also plans to obtain $500 million in a development policy loan from the World Bank for the financing of the budget's general fund. The updated documents have no information about $350 million from the World Bank's Programmatic Financial Rehabilitation Development Policy Loan 2.




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