Monday, July 22, 2024

Ukraine secures a $11bn financial reprieve from its Western bond holders

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"The amount that Ukraine could save over the next three years thanks to a preliminary deal with its Western bondholders. They initially balked over how much relief Kyiv and its backers wanted on nearly $20 billion of international debt from before the Russian invasion, plus billions more in interest bills. But after months of contentious negotiations, the creditors agreed to write down the face value of their debt by 37% and accept lower interest rates and longer maturities."

The Wall Street Journal What's news

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