Odesa To Select Lead-Manager For Eurobond Placement

Odesa, the third largest city in Ukraine, will move ahead with plans for its debut USD 65 mln Eurobond issue (UAH 325 mln). The Mayor counselor, Gleb Shestakov, said the city will select a lead manager from six leading international banks and plans to complete the placement by July 07.  Fitch Ratings assigned Odesa a long-term rating in foreign and national currency of B+ and a short-term rating of B with a stable outlook.