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. Last Updated: 07/27/2016

Ukraine to Issue T-bills

KIEV -- Ukraine, trying to fill near-empty coffers before the year's end, said Wednesday it has asked U.S. investment bank Merrill Lynch to arrange the sale of an extra 750 million hryvnias ($396 million) in treasury bills.

Analysts said the sale would stabilize the former Soviet state's financial markets, but they also said Ukraine should not use such borrowings to rescue it from the need to implement real economic reforms.

"It's good for short-term stability of financial markets," said Patricia Bartholomew, senior analyst at Woodcommerz.