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The story of Ukraine's $20 billion debt restructuring, the third-biggest in history and the first for a country at war, took twists and turns including sleepless nights, near collapse of talks and a car crash, Reuters reports.
The news agency spoke to five sources off the record to recount the story of how Rothschild & Co, the Ukrainian government's adviser, and several major lenders to the country, including BlackRock and Amundi, managed to work out an agreement.
The story, as told by the news agency, ends with Ukraine's debt chief, Yuriy Butsa, getting into a car crash while finalizing the history deal.
"No one was hurt, but Butsa was now sitting in an insurance office in Lviv filling out forms whilst taking calls to finalise the statement that the $20 billion restructuring had, in principle, been agreed," Reuters wrote.
