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Ukraine to beg off on $500 million eurobond issue, says premier
Journal Staff Report

KIEV, July 14 - Ukraine has decided not to put newly issued eurobonds worth a minimum of $500 million on the market, Prime Minister Yulia Tymoshenko said on Saturday, claiming the government possesses sufficient resources and needs no foreign borrowings.

Ukraine held a roadshow for the bonds late last month.

There is about UAH 32 billion on state treasury accounts, which makes foreign borrowings unnecessary, Tymoshenko told a news conference in Kiev.




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