On November 8, Kiev will be given urgent credit $250 million by foreign creditor issuing bank securities in international capital market.

Kiev City Council approved credit agreement with Credit Suisse First Boston International. Besides, the Council approved all attendant documents: agreement on signing, agreement on awarded damages for agents and others.

In accordance with terms of the deal, the interest of the credit makes 8% annually. The deadline of the payment is November 6, 2006.


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