Seeking debt swap by end-May, Ukraine yet to propose terms

April 1, 2015 4:28 PM

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LONDON, April 1 (Reuters) - Ukraine has yet to send restructuring proposals to bondholders though it had planned to start talks this week as part of a fast-track debt swap aimed at saving the country $15.3 billion, creditors said on Wednesday.

Finance Minister Natalia Yaresko had told investors last week that Kiev expected to start discussions by Monday or Tuesday, as soon as an ad hoc creditor committee had been formed.

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