Ukraine Bondholders’ Tough Talk Signals Debt Deal Won’t Be Easy
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The jockeying has begun in Ukraine’s debt restructuring talks.
The government’s notes slid below 44 cents on the dollar on Monday as Russia said it wouldn’t budge on being paid back a $3 billion loan in full on time and the Financial Times reported Franklin Templeton won’t accept a cut to its $7 billion bondholdings, citing people it didn’t identify. The nation’s debt, which handed investors a loss of 25 percent this year, may fall below 40 cents, according to Arca SGR SpA.