KIEV, Feb. 1 - The city of Kiev is considering the placement of $700 million worth of long-term eurobonds, which will provide the opportunity to redeem $550 million worth of eurobonds maturing in 2015 and 2016, the deputy head of the city's state administration, Ruslan Kramarenko, said during an interview with Interfax.

"We are considering the possibility of optimizing our debt. Financial analysts suggest we 'repack' our debt on eurobonds maturing in 2015 and 2016 into longer ones with cheaper rates. We are consulting now. The will of the government and the Finance Ministry is also necessary here," Kramarenko said.