Ukraine Debt Restructuring Talks Scheduled as Tensions Thaw
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Ukraine’s Finance Minister signaled that talks with creditors over a $23 billion debt restructuring are progressing as advisers meet to reach a deal that would prevent the country from freezing coupon payments.
The advisers, who haven’t convened in person in about a month, are planning meetings in London in the coming week after a creditor group led by Franklin Templeton disclosed its membership on Monday, Natalie Jaresko said on Thursday. Lazard Ltd. is consulting the eastern European nation on its debt overhaul, while the main creditor committee holding $8.9 billion of the nation’s debt hired Blackstone Group International Partners LLP.