Ukraine reaches restructuring deal with 20% writedown to bonds

12:34, 27.08.2015 1 min read

Ukraine agreed a restructuring deal with creditors after five months of talks, Bloomberg agency reported.

Finance Minister Natalie Jaresko reached an accord that includes a 20% writedown to the face value of about $18 billion of eurobonds, the first of which matures in less than a month.

Russia is being offered the same terms as private bondholders.