7 July 2010
The city of Kyiv made a USD 8.625 mln coupon payment on its 2011 Eurobonds ahead of schedule, according to media reports yesterday. The city issued a press release a day earlier assuring that it intended to in full and on time service its debt. The news follows statements from the city’s chief financial manager last Friday that Kyiv intended to restructure its external debt. Kyiv has three outstanding Eurobond issues totaling USD 700 mln with maturities in 2011, 2012, 2015.