Ukraine’s Bondholders Approve $20 Billion Debt Restructuring (2)

Ukraine received widespread support from private creditors to restructure its overseas bonds, allowing the nation to secure much-needed debt relief to finance its fight against Russian aggression.

The agreement more than two years after Russia’s invasion marks a swift resolution of the debt revamp following two rounds of negotiations in June and July, in which Kyiv asked bondholders to accept bigger losses than they initially aimed for.

Investors holding over 97% of the country’s more than $20 billion in international bonds will swap their securities for new notes, according to a filing on London stock exchange on Wednesday. The acceptance ...