Ukraine Debt Negotiations a Step Closer as Templeton Forms Group
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Franklin Templeton and four other leading Ukraine creditors have set up a committee to negotiate debt-restructuring terms with a government struggling to avert a default, according to a person close to the talks.
The group is being advised by Blackstone and Weil, Gotshal & Manges LLP, according to the person, who asked not to be identified because the details are private. A representative of Lazard Ltd., which Ukraine hired for the negotiations, declined to comment when contacted by Bloomberg News on Wednesday.