Ukraine strikes debt restructuring deal with main creditors
Agreement would see creditors accept 20% nominal haircut on $18bn worth of debt
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
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