Ukrainian government holds restructuring talks with creditors to save $15.3 billion by 2018 in payments on external bonds without a principal write-down. To unlock further aid from an International Monetary Fund bailout Ukraine is seeking new terms on $19 billion of debt from private bondholders.
Ukraine is giving its creditors a few weeks to accept a restructuring proposal sent last week before imposing a moratorium on payments. The IMF is ready to keep supporting Ukraine even if the country stopped paying its bondholders. Read mpore at http://www.bloomberg.com