KIEV, Nov. 24 – Kiev city will ask the holders of its loan participation notes (LPNs) worth $300 million due in 2016 to vote in favor of the exchange of the notes to Ukraine's sovereign bonds due in 2019-2020 and GDP-linked securities at a meeting on December 8 in London.

The issuer said in a report on the Irish Stock Exchange (ISE) on Monday that each $1,000 of the face value of the notes at the rate of 9.375% will be exchanged with Ukraine's notes due in 2019 and 2020 at the rate of 7.75% and the face value of $375 and GDP-linked securities with the conventional value of $220.