An important milestone in debt restructuring: Ukraine reaches agreement with Eurobond holders

Kyiv • UNN

Jul 22 2024, 07:27 AM • 100306 views

Ukraine has reached an agreement with the Eurobondholders' Committee on debt restructuring. This will save $11.4 billion in debt service over 3 years and $22.75 billion by 2033, freeing up resources for defense and social needs.

Ukraine has reached an agreement with the Eurobondholders' Committee, which is an important step in the debt restructuring. This will save $11.4 billion in debt service over 3 years and $22.75 billion by 2033, freeing up resources for defense and social needs. This was announced by Prime Minister Denys Shmyhal on Monday, UNN reports.

We are restoring debt sustainability. Today, we have reached an agreement in principle with the Ukrainian Eurobondholders' Committee. This is an important milestone in the debt restructuring process, which will save USD 11.4 billion in debt service over the next three years and USD 22.75 billion by 2033
- Shmyhal wrote on Telegram.

According to him, "this way we will be able to free up resources for urgent needs: our defense, social protection and recovery.

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An important milestone in debt restructuring: Ukraine reaches agreement with Eurobond holders