Ukraine

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Ukraine Agrees on Plan to Restructure $18 Billion of Foreign Debt

Ukraine and its main creditors agreed on Thursday to restructure $18 billion of the country’s foreign debt, in a rare deal between bond funds and a wobbly, emerging-market government, the International New York Times reported. If the deal is approved ...

Daily Headline - global.abi.org - 08/27/2015 - 21:38 - 0 comments

Ukraine's PrivatBank Restructuring Gets Investor Nod

PrivatBank could finally make a breakthrough with its creditors after a minority holdout group of investors that has previously blocked the Ukrainian lender's attempts to restructure its debts said it will agree to the latest set of proposals, Reute ...

Daily Headline - global.abi.org - 08/26/2015 - 20:39 - 0 comments

Ukraine’s Government Nearing Deal on Debt Restructuring

Ukraine’s government is nearing a restructuring deal with its creditors that would call for a 20% reduction in the value of the country’s bonds, marking a possible breakthrough in negotiations that have been deadlocked for months, according to people fam ...

Daily Headline - global.abi.org - 08/24/2015 - 21:44 - 0 comments

Ukraine And Creditors Locked In Debt Spat

Ukraine is preparing to meet international creditors in San Francisco this week as the war-torn country warns it is prepared to impose a debt moratorium in September unless a restructuring deal is struck, the Financial Times reported. According to Uk ...

Daily Headline - global.abi.org - 08/10/2015 - 17:54 - 0 comments

Growing Default Risk Shown in Worst Ukraine Bond Rout Since June

Ukraine’s Eurobonds slid the most in two months as renewed signs of discord between the nation and a Franklin Templeton-led creditor group increased the likelihood of default. The sovereign’s $2.6 billion of debt due July 2017 fell 1.31 cents to 55.44 ce ...

Daily Headline - global.abi.org - 08/06/2015 - 17:11 - 0 comments

U.S. Official Says Ukraine's Debts Unsustainable, Urges Restructuring

The United States on Wednesday raised pressure on Ukraine's creditors to strike a deal to restructure the government's debts, with a top U.S. official saying Ukraine's debt burden is "unsustainable". "We urge these creditors ...

Daily Headline - global.abi.org - 08/05/2015 - 21:41 - 0 comments

IMF Says Ukraine Bailout Faces ‘Significant Uncertainty’

Ukraine’s bailout faces “significant uncertainty” even if the government is able to secure a debt-restructuring deal, the International Monetary Fund warned Tuesday. The IMF’s comments, made in a report on the fund’s bailout program for Ukraine, come as ...

Daily Headline - global.abi.org - 08/04/2015 - 23:04 - 0 comments

Ukraine Bank Creditors Approve $1.3 Billion Restructuring

Bondholders of Ukraine’s third-biggest bank voted in favor of changing terms on $1.3 billion of debt as negotiations continue on restructuring a further $19 billion of sovereign securities, Bloomberg News reported. Creditors of the State Savings Bank of ...

Daily Headline - global.abi.org - 08/03/2015 - 20:14 - 0 comments

Ukraine, Bondholders Move Closer to Deal

Long drawn-out negotiations between Ukraine and the major investors who own its debt are finally starting to thaw, The Wall Street Journal reported. After months of relative stalemate, a group of the conflict-torn country’s creditors has indicated it ...

Daily Headline - global.abi.org - 07/30/2015 - 22:22 - 0 comments

Lagarde Signals IMF Board Will Back Latest Ukraine Bailout Tranche

The head of the International Monetary Fund on Wednesday signaled the emergency lender will likely approve a bailout payment for Ukraine despite the failure of Kiev to secure a debt restructuring deal with creditors, The Wall Street Journal reported. ...

Daily Headline - global.abi.org - 07/29/2015 - 20:39 - 0 comments

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