City of Kyiv debt conversion to government debt

City of Kyiv debt conversion to government debt



6 листопада 2015 года
ICU

The City of Kyiv council yesterday voted to transfer municipal debt into government debt. Parliament approved this agenda earlier this year in a perceived final opportunity to restructure the debt. It should be noted that the City of Kyiv was unable to come to terms with creditors on debt restructuring conditions without this conversion.

Investment implications: The government should conclude debt conversion into government debt and possibly to make additional offerings for bondholders.

Источник: ICU

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