Arab Today, arab today ukraine makes crunch bond payment staving off default
Last Updated : GMT 21:55:33
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Ukraine makes crunch bond payment, staving off default

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Arab Today, arab today Ukraine makes crunch bond payment, staving off default

Ukraine economy shrank by 17.2%
Kiev - AFP

Ukraine on Friday made a crucial Eurobond interest payment that kept the war-torn country from slipping into technical default and potential isolation from global credit markets.

Two sources close to the situation told AFP that money to cover the $120 million (110 million euro) payment was transferred as soon as business hours opened in Kiev. The $2.6 billion note matures in July 2017.

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