KIEV, Nov. 22 - The placement of 10-year eurobonds worth $1.25 billion has provided the government of Ukraine with sufficient currency liquidity if the credit program of the International Monetary Fund is postponed until the first quarter of 2013, Dragon Capital chief economist Olena Bilan said.

According to Bilan, the decision on a new eurobond placement was due to the continuing decline in the reserves of the National Bank of Ukraine, the growth of the budget deficit and the postponement of negotiations with the IMF. At the same time, Bilan said that previously the government had stated it would not enter the eurobond market this year.