According to Kyiv's mayor Oleksandr Omelchenko, Kyiv city state administration intends to place eurobonds worth 250mn in 2005. He outlined that the city realizes some projects, which might be interesting for investors.
The mayor named building Podolskyi bridge across Dnepr river, and helipads, which will be used for emergency medical care and goods transportation. On Jul 14, 2004, Kyiv through authorized western banks placed seven-year eurobonds worth USD 200mn at 8.625% annual interest rate.
Lead-managers were Deutsche Bank and Morgan Stanley, senior co-lead-managers – Bayerische Hypo und Vereinsbank AG and Bank Khreschatyk, and co-manager – Parex Bank. Worth noting, 42% of the eurobonds were bought by British investors, 33% by US investors, and 9% by Russian investors.