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                        THURSDAY, APRIL 18, 2024
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Reschedule or we'll default, Ukraine to tell Ukreximbank bond holders
Journal Staff Report

LONDON, April 17 – Ukraine plans to tell bond holders of state-run Ukreximbank on Friday that the bank will announce it will default on its eurobonds unless the creditors agree to reschedule repayments on these bonds, the Financial Times reported.

Ukraine's Finance Minister Natalie Jaresko, who is currently attending an International Monetary Fund meeting in Washington, will probably announce that a three-month extension on debt issued by Ukreximbank is crucial to the success of the country's sovereign-debt restructuring, FT said.




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