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Ukraine agrees debt relief deal worth $11bn

Financial Times LogoFinancial Times4d ago

Ukraine agrees debt relief deal worth $11bn - Financial Times

Quick Summary:

This will include bondholders directly writing off 37 per cent of their claim.  The “haircut” could lessen to 25 per cent if Ukraine’s GDP beats IMF targets, set for 2028.

But Ukraine needed deeper relief on the bonds in order to keep IMF bailout loans flowing and to eventually restore access to private financing.

Ukraine will resume interest payments at 1.75 per cent, rising to 4.5 per cent in 2026 and eventually to 7.75 per cent.


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Article Details

Author / Journalist: Joseph Cotterill

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 17:15:09 (4 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22292727

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 7 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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