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 No deal in Ukraine debt negotiations, talks to resume Thursday, - Reuters

Ukraine and a group of its largest creditors on Wednesday failed to reach a deal to restructure the country's $19 billion of debt but will resume negotiations on Thursday.

Reuters agency was informed by a source close to the talks, Censor.NET reports.

Read more: Finance Minister Jаresko to discuss state debt, - Ministry of Finance

The two sides are meeting in San Francisco as part of talks that have dragged on for five months. They hinge on whether the bonds' face value should be written down.

Ukraine must pay a $60-million coupon on Aug. 23 and a chunkier $500-million bond maturing on Sept. 23.

Read more: Ukraine and creditors to agree on 22.5% debt writedown, - Bloomberg

Kyiv says it will halt debt payments if an agreement to reduce the face value of the debt is not reached with private creditors this week.




 
 
 
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