Ukraine Secures $23.4 Billion Debt Restructuring Deal
Agreement with creditors extends Eurobond maturities and reduces debt servicing costs significantly
- Ukraine's first repayment of restructured debt is scheduled for 2029.
- The deal includes a 37% nominal reduction in Eurobond debt value initially.
- Savings on debt servicing will total $11.4 billion over the next three years.
- The restructuring aligns with IMF targets, aiming to reduce the debt-to-GDP ratio to 65% by 2033.
- Formal voting among bondholders is the next step to finalize the agreement.