Not fresh news, but just a note; Ukraine Prime Minister Arseniy Yatsenyuk has announced a debt relief deal

  • Restructuring applies to about $18 billion worth of bonds
  • Means Ukraine will avoid default
  • A haircut of 20% will be applied to debt covered by the agreement
  • Relief of about $3.6 billion ... but could rise to $3.8 billion if bonds issued by the city of Kiev, and some other international loans, are restructured along the same lines
  • Deal postpones payments worth $11.5 billion due by 2018

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