Kyiv calls meeting of eurobond holders for restructuring

According to a report by the issuer on the Irish Stock Exchange, Kyiv proposes the exchange of one eurobond maturing in 2015 with a par value of $1,000 and interest income accrued on it until November 2, 2015 for two sovereign bonds maturing in 2019 and 2020, each with a par value of $375, as well as state derivatives with a notional value of $250. Applications for the exchange will be accepted until December 8, 2015. In exchange for one city eurobond maturing in 2016 with a par value of $1,000, and interest income accrued on it until November 2, 2015, Kyiv offers two similar sovereign bonds and state derivatives with a notional value of $220. In addition, if the offer is supported, eurobond holders will receive additional state derivatives of $30 per every $1,000 of owned municipal Eurobonds. Applications will be accepted until December 4, 2015. A meeting of eurobond holders is scheduled for December 8, 2015.