Ukraine’s creditors agree 2-year freeze on $20 bn overseas debt

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Ukraine’s creditors agree 2-year freeze on $20...
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Ukraine’s overseas creditors have backed its request for a two-year freeze on payments on almost $20 billion in international bonds, a  regulatory filing showed on  Wednesday, a move that will allow the war- ravaged country  to avoid a messy debt default.

With no sign of peace or a ceasefire on the horizon nearly six months after Russia’s invasion began, holders of around 75% of the outstanding total agreed to Kyiv’s proposal, documents showed.

“Ukraine will save almost $6 billion on payments,” said Prime Minister Denys Shmyhal in a statement. “These funds...


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Article automatically added to our system on Wednesday, August 10, 2022

Ukraine’s creditors agree 2-year freeze on $20 bn overseas debt


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