Dnipropetrovsk plans debut bond issue in 2Q09
14 January 2009
The Eastern Ukrainian city of Dnipropetrovsk reported yesterday that it plans to issue UAH 100-150 mln (USD 13-20 mln) in local bonds in 2Q09. A city official said that proceeds will be used on energy efficiency projects, building roads, renovating the communications network and improving housing and utilities. Dnipropetrovsk has a B rating from S&P with a negative outlook.
