Templeton Said to Reject City of Kiev Bond Restructuring

  • London-based branch of fund manager said to hold 32% of bond
  • New terms accepted by most other holders of Kiev's debt

Franklin Templeton Investment Management Ltd. rejected terms put forward by the City of Kiev to restructure a $250 million bond, according to a person familiar with the talks, making it one of the only holdouts in Ukraine’s $23 billion debt restructuring.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.