KYIV, Nov 24 – Kyiv City Council approved the deal to restructure of $101.1 million in previously issued eurobonds, according to an announcement published by the city newspaper Khreschatyk.

The restructuring terms include interest rate of no more than 7.5% per year and the amortization schedule: the principal of the debt will be paid in four equal tranches on June 15, 2021, December 15, 2021, June 15, 2022 and December 15, 2022.

The coupon will be accrued and paid once in six months.