| Deals of the year: Tech and telecoms illustrate the ups and downs of 2000 Author: Peter Lee Issuer: Government of UkraineDeal: multiple bond exchangeAmount: $2.7 billionDate: March 15 2000Lead manager: ING Baring Sovereign debt restructuring has become an increasingly complex business, as the multilateral institutions have moved away from wholesale bail-outs and insisted that private-sector creditors must share the pain of restructuring as the price for the high yields they receive when they lend to less creditworthy sovereigns.
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