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. Last Updated: 07/27/2016

Ukrainian Eurobond

KIEV -- Cash-strapped Ukraine plans to raise money on international markets by launching its first-ever Eurobond issue before the end of August, a central bank official said Monday.

The government hopes to attract $200 million to $300 million with the issue, said Sergei Yaryomenko, director of the hard currency regulation department at the National Bank of Ukraine.

Those figures are somewhat less than the $500 million that Ukrainian officials had talked about after neighboring Russia launched a successful Eurobond issue last November.

A successful issue would help plug Ukraine's budget deficit, which was 5.5 percent of the gross domestic product in the first quarter of 1997, according to government statistics released Monday.