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Kyiv City Council approves plans for new USD 300 mln Eurobond

Kyiv City Council approves plans for new USD 300 mln Eurobond

26 May 2011

The Kyiv City Council approved issuing USD 300 mln in a 5-year Eurobond with a coupon of up to 7.8%. The city plans to use USD 200 mln of the proceeds to repay the principal on its 2004 Eurobonds (payment due on July 15) and the balance to finance social-economic programs in the city. Kyiv has two other outstanding Eurobond issues: USD 250 mln maturing in 2012 and USD 250 mln maturing in 2015.

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