JPMorgan Says Creditors Asked Ukraine to Restructure Its Debts
- Lead banker advising sovereign sees high chances for deal
- Goodwill and public-sector push make Ukraine talks unique
Firefighters extinguish a fire on a local market following shelling in the town of Bakhmut, eastern Ukraine, on July 21.
Photographer: Igor Tkachev/AFP/Getty ImagesThis article is for subscribers only.
Ukraine’s plan to freeze foreign-bond payments is set to gain approval from bondholders, some of whom suggested Kyiv start restructuring earlier, the lead banker advising the sovereign said.
The war-torn nation, which on Wednesday asked for debt restructuring consents, is in a unique position due to the goodwill and public sympathy it has built up since Russia’s invasion, according to Stefan Weiler from JPMorgan Chase & Co., the sole solicitation agent for the government.