1.   The bonds might be used in the privatization programme and other debt conversion programmes yet to be created.

2.   He said debt conversion is a long-term investment by creditor banks which will yield benefits only after five years.

3.   The country already had to implement several debt conversion schemes last fall to ward off the effects of the financial crisis in neighboring Russia.

4.   Ukraine already had to implement several debt conversion schemes last fall in order to ward off effects of the financial crisis in neighboring Russia.