Ukraine strikes debt restructuring deal with main creditors

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Ukraine struck a deal to restructure $18 billion worth of its debt today (August 27), agreeing a 20% nominal haircut with its main creditors – though the deal still needs to be approved by other bondholders.

The agreement – between Ukraine and a group of its main creditors, led by Franklin Templeton – was hailed as a "very important milestone" by finance minister Natalie Jaresko.

Under the deal 14 sovereign and sovereign-guaranteed eurobonds will be rolled into nine new bonds, with a marginal in

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