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LONDON (Reuters) -Talks between Ukraine and its international bondholders designed to cut its debt to help finance its war effort ground to a halt on Monday after the two sides failed to reach an ...
Eclipsed in scale only by Argentina and Greece, the restructuring of more than $20 billion of debt will save Kyiv $11.4 billion over the next three years - crucial for both its ongoing war effort ...
Also in scope for the restructuring is a GDP warrant - an instrument linked to the country's economic output growth which was created during Ukraine's 2015 debt restructuring in the wake of Russia ...
LONDON (Reuters) -Ukraine's overseas bondholders are in talks to form a creditor committee ahead of debt rework talks with the country, according to four people with direct knowledge of the ...
The Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 (H.R. 4152; Pub. L. 113–95 (text)) is an American Act of Congress that provides Ukraine with loan guarantees of up to $1 billion in response to the beginning of the Russo-Ukrainian war. [1]
Also known as out-of-court debt restructuring, corporate workout practices aim to remedy or avoid foreclosure and bankruptcy. [2] The debtors, creditors as well as the main shareholder and bondholders voluntarily participate in the workouts in order to make rearrangements concerning financial investments and rescheduling and restructuring debt.
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.
The warrants were created as a sweetener to creditors during Ukraine's 2015 debt restructuring in the wake of Russia's annexation of Crimea. In a call with investors earlier this month, sources ...