Ukraine offers creditors deal to restructure its debt
Two-thirds of bondholders will need to agree to 37% haircut in IMF-supported plan
Ukraine’s creditors have been offered a deal as the war-torn country looks to avoid defaulting on 25% of its debt.
The government announced on August 9 that it had offered bondholders a settlement with a 37% haircut. The deal concerns around $20.2 billion in loans.
The ministry of finance said that if creditors agree to the new terms, they will receive 40% of their principal investments in “Step Up A” bonds and 23% in “Step Up B” bonds. If the deal is accepted, Ukraine would have almost five years
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