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S&P: City of Kiev debt came to $896.6 million as of end of July
Journal Staff Report

KIEV, Aug. 13 – The city of Kiev's overall debt, including municipal eurobonds and bank loans, is estimated at $896.6 million as of July, Standard & Poor's said in its summary on Kiev.

Repayment worth UAH 1.2 billion (about $152.1 million) on bank loans is due April through June 2011, said S&P, if these loans are not extended. In particular, Kiev is to repay a UAH 750 million debt to CJSC Alfa-Bank (Ukraine) in April 2011, and UAH 150 million and UAH 300 million to Kiev-based Khreschatyk Bank in March and June 2011 respectively.




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