Ukraine Bonds Drop Amid Escalation of Rhetoric With Creditors
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Ukraine’s Eurobonds fell for a third day as the government and creditors stepped up the verbal battle over restructuring $19 billion of the nation’s debt.
The country will stop making payments on its debt if talks don’t make progress, Finance Minister Natalie Jaresko told reporters in Washington Wednesday. Bondholders are “deeply concerned” about Jaresko’s stance, a creditor group led by Franklin Templeton said in a statement today.