KIEV, March 26 - Ukraine's Finance Ministry plans to place foreign currency bonds with a put option on the domestic market in April, the ministry's head of debt and international financial policy, Halyna Pakhachuk, said at an international treasury conference in Kiev organized by Top Dialog.
"We will soon offer the market medium-term paper in foreign currency with early redemption. Along with the coupon, which will be three- or six-month, we are planning to offer the right to tender for redemption," Pakhachuk said, adding that the duration of the bonds would be one to three years.
"If your liquidity deteriorates, you have the right to tender [the bonds] to the Finance Ministry, and the Finance Ministry will have to redeem this paper," Pakhachuk said, explaining the advantages of the new instrument.
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