All You Need to Know About Ukraine's $18 Billion Debt Agreement
- Deal cuts principal by 20%, extends maturities, raises coupons
- Next step is to have holders of each bond vote on the accord
Ukraine's finance minister Natalie Jaresko.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Ukraine reached a bond-restructuring agreement with about half of its private-sector creditors on Thursday after five months of negotiations. Below are the details of the terms of the agreement and what happens next.
The deal covers $18 billion of Ukraine’s foreign debt, including 11 government Eurobonds and three state-guaranteed Eurobonds issued by the Ukrainian Infrastructure Fund. Not included is about $4.6 billion of quasi-sovereign bonds, $2.8 billion of which has already been restructured.