Ukraine's bondholders have been spared, for now, from contributing to the country's bailout of up to US$27bn, proposed by the International Monetary Fund, but some could still face being restructured under certain conditions alluded to by the IMF. The price of the Eastern European country's US$1bn bonds maturing on June 4 have risen by 1.75 points to 98.75 since the plan was set out last Thursday. The proposals have to be approved by the IMF board, including Russia, in late April but are likely to be in place to meet that payment.
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