Sunday 5 April 2015

Ukrainian government approves framework for $15 billion debt-swap - Finance Minister | Reuters

Ukrainian government approves framework for $15 billion debt-swap - Finance Minister | Reuters:



"The Ukrainian government approved on Saturday the framework for Ukraine's debt restructuring operation through which it aims to generate $15.3 billion (10 billion pounds), the Finance Ministry said in a statement.



Ukraine is due to start talks on a fast-track debt swap with investors including Franklin Templeton, PIMCO and Blackrock as part of a $40 billion bailout approved with the International Monetary Fund last month.



The Finance Ministry reiterated that Kiev wants a deal in place by end-May, before the IMF carries out its June review."



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