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Investors approve restructuring of Ukrainian debt, saving the government $11.4 billion over 3 years

Photo by Robert Anasch / Unsplash

Investors holding 97% of Ukraine's more than $20 billion in international bonds agreed to a debt restructuring plan, giving the government more room to pay for its war against Russia's invasion and fulfilling a key condition of support from the International Monetary Fund.

Approval means the government's debt restructuring plan can now go ahead, with investors taking a 37% writedown on the face value of their holdings, forgoing $8.7 billion in claims.

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