Ukraine, Bondholders’ Committee Reach Debt Restructuring Deal

Category: Finance

Ukraine has reached a preliminary agreement with private creditors to restructure over $20 billion of international debt, allowing the country to avoid default and allocate funds for its defense against Russia. Bondholders accepted a 37% loss on their holdings, resulting in $8.67 billion in waived claims, while Ukraine anticipates saving $11.4 billion over the next three years through reduced coupons and extended maturities.

Keywords: Ukraine, debt restructuring, international creditors

Source: Bloomberg.com

Update At: 7/22/2024

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