Ukraine claims that it has reached a deal with its creditors.
According to Bloomberg:
"Finance Minister Natalie Jaresko reached an accord with a Franklin Templeton-led creditor committee that includes a 20 percent writedown to the face value of about $18 billion of Eurobonds, the first of which matures in less than a month.All very nice and dandy, except that Russia (its main creditor) has in fact rejected the deal.
The agreement also pushes back redemption dates by four years and sets interest at 7.75 percent on all maturities, according to an e-mailed statement from the Finance Ministry and the creditor committee.
Russia is being offered the same terms as private bondholders."
The Ukrainian Finance Ministry is either speaking in error, or it is lying.RUSSIA WON’T PARTICIPATE IN UKRAINE RESTRUCTURING: SILUANOV - LOL. So much for Ukraine's lie on "agreement with the main" ones— Russian Market (@russian_market) August 27, 2015