Analysts Predict a Compromise Is Coming on a Ukraine Debt Deal
Both sides will have to relent
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Ukraine and its creditors will both give ground in talks over a $19 billion restructuring with bondholders eventually accepting a principal writedown of 22.5 percent, according to a Bloomberg survey.
The prediction compares with a median estimate for a so-called haircut of 30 percent when the poll was last carried out at the end of May. Of 14 analysts and bondholders surveyed on Wednesday, 10 saw a smaller-than-even probability that Ukraine will freeze debt payments before $500 million of principal falls due on Sept. 23.