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Ukraine names VTB, Morgan Stanley and JP Morgan for Eurobond

May 18, 2010

By Ivan Anderzahnov

Ukraine’s has selected VTB Capital, JP Morgan and Morgan Stanley to conduct its planned Eurobond sale.

The three banks were chosen from a beauty parade of eight institutions.

Ukraine may sell Eurobonds denominated in dollars in mid-June. The government wants to sell $1.3 billion in Eurobonds this year, the government said on April 26, as part of a $4.3 billion package of borrowing that includes international donors.

VTB, which helped to organize Russia's sovereign Eurobond, is increasing its profile in Ukraine. The banking group yesterday signed a cooperation agreement in Kiev with Ukreximbank, Ukraine's state trade bank.

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