May
31
Ukraine Seen Prevailing in Creditor Showdown Over Debt Write-Off
ByUkraine will win out over foreign bondholders by sealing write-downs in restructuring talks, according a majority of economists in a Bloomberg survey.
The government will achieve a 30 percent reduction in the amount it owes, on top of cuts in coupon payments and extensions to bond maturities, according to the average estimate of 13 of 15 analysts in the survey, conducted May 22-27. Two saw no debt write-off. Meanwhile, the nation’s recession will stretch into 2016, the first time the economist survey has predicted a contraction next year…
Ukraine Seen Prevailing in Creditor Showdown Over Debt Write-Off
