KYIV- Ukraine plans to expand its Eurobond issue maturing in 2029 by placing an additional $500 million, IFR said on Thursday.

The initial price for the additional debt was announced at 6.625% area.

In May, Ukraine, rated B (Stable) by S&P and B (Stable) by Fitch, placed $1.25 billion at 6.876% of 2029 Eurobonds.

BNP Paribas and Goldman Sachs International were mandated as joint bookrunners.

The Ukrainian government will face a 2021 peak foreign debt repayment - over $2 billion - in September.

(Reporting by Natalia Zinets; Editing by Angus MacSwan) ((Natasha.Zinets1@thomsonreuters.com;))