Kyiv will proposes that the holders of its eurobonds worth $250 million maturing in 2015, and $300 million maturing in 2016, should support the exchange of securities for Ukrainian eurobonds maturing in 2019-2020 and state derivatives.

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.