Ukraine Bank Deadlock Signals Fraught Restructuring to Citigroup
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The relief rally in Ukrainian bonds may be premature if stalled talks between investors and the nation’s state-owned trade bank are anything to go by.
The State Export-Import Bank of Ukraine is in deadlock over its request for a three-month breather on repaying $750 million of bonds due this month after failing to get support from creditors. The decision has been delayed until April 27, the day Ukreximbank’s bonds are due.