REUTERS
A proposal for restructuring Kyiv's $250 million municipal bonds maturing this year has been supported by 59.51% of the bondholders, according to a statement by Kyiv City Council.
A week earlier, the percentage of the bondholders supporting the restructuring deal was 57%, as noted in the statement.
The final decision will be taken on December 22, as reported.
Earlier, an offer with the terms of restructuring was also sent to holders of $300 million municipal bonds maturing in 2016. It was supported by 99% of the voting bondholders.
As UNIAN reported earlier, Kyiv's municipal debt was included in the perimeter of Ukraine's debt swap deal, providing partial, 25% write-off and an exchange for new securities.
On November 5, 2015,Kyiv City Council approved the heads of terms for an exchange of its outstanding $550 million municipals falling due in 2016 (those worth of $300 million) and 2015 ($250 million) for the new ones maturing in 2019 and 2020 respectively. The bondholders will also be offered state derivatives under the conditions specified by the Ukrainian government.
On November 6, the city authorities announced a temporary moratorium on the city's external debt payments.