Ukraine will propose a $20B debt restructuring plan by May.
Ukraine has prepared a $20B debt restructuring plan for private bondholders and plans to present it by the beginning of May. It is noted that it is critical for Ukraine to conclude a debt restructuring agreement before the two-year payment freeze agreed with the holders of its outstanding international bonds expires in August. As Reuters notes, the Ukrainian government hopes to reach an agreement no later than June. Ukraine is seeking access to capital markets and will have to issue