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.
Kyiv plans to return to the municipal Eurobond market next year
