Ukraine’s central bank is ready to meet bondholders of recently nationalised Privatbank, but it will not change its position that a bail-in of their bonds was justified and legal, a deputy head of the regulator said on Feb. 7.
Ukraine took Privatbank, the country’s largest lender, under state control in December, but a group of the lender’s creditors has protested against a decision to convert $555 million worth of Eurobonds into equity and threatened legal action.
