Ukraine Finance Ministry says creditors' debt offer 'unacceptable'


  • World
  • Saturday, 06 Jun 2015

KIEV (Reuters) - Ukraine's Finance Ministry said on Friday a debt restructuring offer from its biggest group of creditors was unacceptable and bondholders should do more to reach a deal.

Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal that would enable Ukraine to meet targets attached to a $40 billion (£26.1 billion) International Monetary Fund-led bailout package.

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