"The percentage of Notes in respect of which Participation Instructions (as defined in the below-mentioned Memorandum) were submitted was 91.82%, of which 99.0% of votes were in favour of the Extraordinary Resolution," according to the statement.
The Settlement Date (as defined in the Memorandum) is expected to be on or about December 22, 2015.
Read alsoFinance Ministry supports Kyiv's exchange offer for its 2015 and 2016 eurobondsAs UNIAN reported earlier, Kyiv municipal debt was included in the perimeter of the restructuring operation, providing partial write-off and exchange for new securities under two issues of municipal notes worth $250 million maturing in November 2015 and $300 million maturing in July 2016.
The exchange conditions provide a 25% write-off of the principal debt and the exchange of securities for new bonds maturing in 2019-2020 years at a rate of 7.75%. In addition, holders of the securities subject to the restructuring will be offered state derivatives.
On November 6, Kyiv authorities announced a temporary moratorium on the city's external debt payments.
