New debt restructuring negotiation attempt fails

New debt restructuring negotiation attempt fails



8 червня 2015 года
ICU

Talks between MoF advisors with an ad hoc committee of creditors failed to make progress. While the MoF reiterated the need for the creditors to negotiate a debt restructuring consistent with the EFF program, a majority of creditors are unwilling to compromise.

Investment implications: After Ukreximbank and its creditors agreed to a debt extention without a principal haircut, this procedure appeared to lay a foundation for the sovereign debt restructuring. As the MoF urges the need for a principal haircut to decrease the debt burden and financing needs, the MoF should submit real proposals to creditors, but it appears that less than a half of the creditors currently are willing to negotiate.

Источник: ICU

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