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So is this what the IMF had in mind when it talked about private-sector burden sharing? The Republic of Ukraine’s attempts to restructure a $155 million bond arranged by ING Barings would seem a significant step in the IMF’s campaign to squeeze more accountability from private investors in crisis-hit emerging markets.
After missing the bond’s redemption date on June 9, Ukraine eventually negotiated an agreement involving a partial repayment and a swap for new bonds to be issued on August 2.
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