Ukraine’s bond holders agreed to defer cost till 2024.

Ukraine’s bond holders agreed to defer cost till 2024.

0 0
Read Time:35 Second

Thursday, August 11, 2022

 Ukraine received approval for a debt-payment freeze from the holders of its worldwide bonds, gaining aid for a funds devastated by Russia’s invasion. Buyers representing round 75% of $19.6B price of Ukraine’s overseas bonds agreed to defer coupon and principal funds till 2024, the Finance Ministry stated on Wednesday. The restructuring course of is backed by Ukraine’s key allies, together with the US and the IMF, because the nation wants money for the whole lot from paying pensions to defending in opposition to the a lot larger and richer aggressor. The newest transfer, together with different measures put ahead to collectors, may save the state $5.8B.

 

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.