KYIV, Aug 12 – The Group of Creditors of Ukraine (GCU) welcomes the agreement in principle reached between Ukraine and its bondholders (ad hoc creditor committee) on Eurobond Debt Restructuring Terms, according to a posting on the website of Canada's Department of Finance.

"The Group confirms it is comfortable with the agreement that has been confirmed by the IMF staff as compatible with the debt sustainability objectives of Ukraine's Extended Fund Facility (EFF), under the baseline macroeconomic framework of the fourth review dated 28 June 2024, taking into consideration the authorities' overall restructuring strategy," the Department said in the press release.