Ukraine, creditors agree debt restructuring deal

GMT 09:59 2015 Thursday ,27 August

Arab Today, arab today Ukraine, creditors agree debt restructuring deal

Debt restructuring deal
Kiev - Arab Today

Ukraine said Thursday it had reach a crucial debt restructuring agreement that will see lenders accept a 20-percent principal write-down and keep global markets open to the cash-strapped ex-Soviet state.

"The deal agrees a 20 percent haircut on Ukraine's stock of sovereign and sovereign guaranteed debt, having immediate debt relief totalling approximately $3.6 billion," the finance ministry said in a statement.

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