Foreign bondholders have accepted a 37% haircut on outstanding bonds Ukraine has reached an agreement in principle with a group of foreign investors to restructure its $20 billion debt, as Kiev tries to retain access to international markets, the government has announced. Bondholders – including US financial giants BlackRock and Pimco, as well as French asset manager Amundi – granted Ukraine a two-year debt freeze in February 2022 when the conflict with Russia broke out. The bondholders’ committee, which controls 25% of the bonds, has agreed to accept losses of 37%, or $8.7 billion, on the nominal value of their
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