Kyiv plans to return to the municipal Eurobond market next year
Kyiv plans to return to the municipal Eurobond market next year, Mayor Vitali Klitschko told the American Chamber of Commerce on Friday. During his four-year tenure as Mayor, Klitschko says he cut the city’s $1 billion debt in half and doubled the city’s budget, to $1 billion. Two bond ratings agencies, S & P and Fitch, give the capital B-Stable ratings. In 2018, he said he increased the city budget by 30%, partly by ‘pulling money out of the shadows.’ To illustrate his anti-corruption, transparency fight, he cited a coffee cart outside Arsenalna metro station which, due to an open bidding process, now pays $32,150 in annual rent.