Reuters Ukraine's largest creditor, Franklin Templeton, has hired investment and advisory firm Blackstone to advise a creditor group dur...

Franklin Templeton hires Blackstone to advise on Ukraine debt restructuring talks

Reuters
Ukraine's largest creditor, Franklin Templeton, has hired investment and advisory firm Blackstone to advise a creditor group during debt restructuring negotiations with Kiev, sources familiar with the situation told Reuters on Sunday. The sources confirmed an earlier report by the Financial Times, which quoted sources as saying Franklin Templeton had organised a group of creditors holding 50 percent of outstanding Ukrainian international bonds. Blackstone represented Greece's creditors in 2012. "A significant bondholder of Ukraine's foreign debt has appointed Blackstone as adviser and Weil (Gotshall) as legal adviser to assist in creditor discussions with Ukraine," one person familiar with the situation said. The bondholder is understood to be Franklin Templeton, the person added.

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