Ukraine Debt Vote Gets Boost as Rebel Bondholders Approve Deal
- Raiffeisen says debt restructuring is now 'done deal'
- Holders who sought better offer satisfied with new terms
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A group of investors who asked last month for better terms in Ukraine’s $18 billion debt restructuring said they approve of recent changes and will vote in favor of the deal at a bondholder meeting next week.
The group, which holds more than 25 percent of a $500 million Eurobond that matured last month, said it’s satisfied with Ukraine’s offer to swap the note into a new security that will be redeemed in 2019, according to an e-mailed statement from a law firm representing the group. Investors in a bond maturing Oct. 13 will receive similar terms, while other bondholders are being offered a share of a series of nine new bonds.