Buyers authorized a two-year cost delay on roughly $20 billion of Ukraine’s foreign-currency debt, heeding calls from Washington and different allied governments to grant the embattled nation a monetary reprieve because it burns through cash.
Ukraine requested bondholders final month to push back payments of curiosity and principal on a clutch of dollar- and euro-denominated authorities bonds, with a mixed face worth of almost $20 billion, by two years. The federal government’s request got here as little shock to collectors, who had anticipated that Kyiv would wish to restructure its money owed because the battle dragged on.
