Ukraine and its creditors are considering a 20 percent cut to face value as part of a restructuring deal with bondholders, Bloomberg has reported, referring to its own sources.
No agreements have been reached, the negotiations are underway, an official representative of the Finance Ministry said. He did not disclose the size of the haircut as discussed by the parties.
A representative of the Special Creditors’ Committee refused to disclose the details of the talks.
Ukraine has been holding talks on restructuring its eurobonds worth some $20 billion with creditors.
