Ukraine, bondholders edge closer to deal
Jul 31 2015, 02:47 ET | By: Yoel Minkoff, SA News Editor
- Long drawn-out negotiations between Ukraine and its major creditors are finally starting to thaw, after the latter agreed to take a small reduction in the face value of their holdings to speed up a debt restructuring process.
- The two sides have stood at an impasse for months over about $19B worth of bonds, which have tanked in value because of concerns Kiev wouldn't be able make its repayments.
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