Ukraine

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Ukraine Sees Early Debt Restructuring After Ukreximbank Deal

Ukraine on Tuesday expressed confidence it would complete a debt restructuring to clear the way for fresh IMF aid next month after state-run Ukreximbank tied up a deal with a bondholders' committee to extend maturities on $1.5 billion of Eurobonds, ...

Daily Headline - global.abi.org - 05/26/2015 - 20:54 - 0 comments

Ukraine Votes for Moratorium on Foreign Debt Payments

Ukraine’s parliament passed a bill Tuesday allowing the government to halt payments on some foreign debts, raising the stakes as a deadline looms in rescheduling talks with international creditors, The Wall Street Journal reported. The measure, appro ...

Daily Headline - global.abi.org - 05/19/2015 - 20:16 - 0 comments

Ukraine Calls For Debt Restructuring To Benefit Foreign Taxpayers

Ukrainian Finance Minister Natalia Yaresko said in a German newspaper interview that Kiev's foreign lenders should agree to a debt restructuring for the sake of German taxpayers. "The German taxpayers who are financially supporting us via natio ...

Daily Headline - global.abi.org - 05/17/2015 - 22:57 - 0 comments

Ukraine Debt Talks Reach Boiling Point

Ukraine’s $23bn debt restructuring negotiations appeared to reach boiling point late on Tuesday after the government issued a sharply worded statement that questioned the transparency, responsiveness and good faith of a creditors’ committee, the Financ ...

Daily Headline - global.abi.org - 05/12/2015 - 20:58 - 0 comments

Russia’s Refusal To Restructure Debt Hinders Assistance Plan For Ukraine

Ukraine has to generate $15.3 billion over four years with the help of a debt restructuring plan agreed upon last March, with the International Monetary Fund (IMF). The IMF, which approved a new $17.5 billion loan for Ukraine and issued the first $4.9 bi ...

Daily Headline - global.abi.org - 05/03/2015 - 22:15 - 0 comments

Ukraine Takes First Step To Avoid Default

Ukraine has cleared the first hurdle in a $15bn bid to avoid financial collapse. Investors in Ukreximbank, the state-owned lender, voted on Monday to extend repayment of a bond that is included in a plan to restructure the country’s debt and shore up its ...

Daily Headline - global.abi.org - 04/27/2015 - 21:21 - 0 comments

Ukraine Plays Hardball On Bank Debt Restructuring

Ukraine plans to tell investors on Friday that it will allow a state-owned bank to default unless a deal with creditors can be agreed as the embattled country takes an ever tougher approach to debt negotiations, the Financial Times reported. While at ...

Daily Headline - global.abi.org - 04/16/2015 - 22:00 - 0 comments

Ukraine Warns Creditors as Debt Restructuring Looms

Ukraine Finance Minister Natalie Jaresko has a warning for creditors of the war-torn country: Come to the table now to restructure $40 billion in debt or face the risks of an uncertain economic, political and military climate down the road, The Wall St ...

Daily Headline - global.abi.org - 04/14/2015 - 21:53 - 0 comments

Holders of $10 Billion of Ukraine Debt Work on Restructuring Plan

Investors holding $10 billion of Ukrainian debt have joined forces to develop a restructuring plan for the country’s debt that won’t involve a reduction in the principal value of the bonds, according to financial and legal advisers of the group, The Wa ...

Daily Headline - global.abi.org - 04/09/2015 - 21:20 - 0 comments

Ukraine Warns On Debt Haircuts

Ukraine has warned debtholders including Russia that they should prepare to lose money as the war-ravaged country seeks to stave off a default, the Financial Times reported. Natalie Jaresko, Ukraine’s finance minister, made the comments to investors ...

Daily Headline - global.abi.org - 03/15/2015 - 21:20 - 0 comments

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