You're reading: Ukraine raises $1 billion and buys time

 Ukraine’s financially-stretched government has capitalised on high global liquidity, raising an additional $1bn to a 10-year eurobond that it sold last November.

Kiev bought time as talks with the International Monetary Fund on $15bn bailout programme appear set to drag on for weeks, possibly longer.

The new placement, completed on Monday, carries an annualised yield of 7.625 per cent, cheaper for Kiev than the 7.80 per cent yield on the $1.25bn November listing.

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