Ukraine's bondholders approve crucial $20 bln debt restructuring

Ukraine announced on Wednesday that international bondholders had formally approved its plan to restructure over $20 billion of debt amid its ongoing war with Russia. Kyiv said those holding over 97% of its debt had done so by the required deadline, meaning the restructuring could go ahead. It is set to slash the face value of Ukraine's international bonds by more than a third and keeps it onside with its key support provider, the International Monetary Fund, which had stipulated the writedown was necessary to...