KIEV, Sept. 15 – The State Railway Administration of Ukraine (Ukrzaliznytsia) plans to issue bonds worth some UAH 4 billion by the end of this year, First Deputy Director General of Ukrzaliznytsia Maksym Blank said.

"The general idea is that we want to replace banking credits by bond tools as much as possible," he said at the XVII International Capital Market Forum in Odessa organized by the PFTS stock exchange.

He said that the securities would be issued in two tranches: the first one is pegged to hryvnias worth UAH 2 billion, and the second one – worth $175 billion with hedging of currency risks.