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Citi Proposes Groundbreaking Debt Deal for Ukraine Reconstruction Amid Uncertainty
ByAinvest
Friday, Aug 15, 2025 8:50 am ET1min read
Citigroup has been working on a debt-for-reconstruction swap deal to help Ukraine fund its reconstruction. The proposed transaction, which would be the first of its kind, would allow the state-owned grid operator NPC Ukrenergo to refinance a chunk of its debt on more attractive terms. The savings could be used to rebuild Ukraine's power grid, which has been a target of Russia's attacks. Investor interest has been mixed due to the rapidly changing environment in Ukraine.
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