Ukraine plans to sell bonds denominated in Russian rubles and doesn’t need to restart a $15.6 billion International Monetary Fund loan to make debt payments, said an adviser to President Viktor Yanukovych.
The former Soviet state wants to raise 98 billion hryvnia ($12 billion) this year, two thirds of which will probably be bought domestically, Iryna Akimova, the first deputy chief of Yanukovych’s staff, said in an interview yesterday. The Finance Ministry has regularly sold bonds denominated dollars and euros in the domestic market after delaying a $1.5 billion Eurobond offering planned for March.
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