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| The Main Players in the Ukraine Debt Battle - Will They Sink or Swim? |
| 2015-04-12 |
| Three years after facing off over Greece's debt workout, the two giants of debt restructuring — Lazard and Blackstone – are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. The aim of having private investors take a $15.3 billion hit on their Ukrainian debt holdings as part of a $40 billion international rescue package sounds like peanuts compared to Greece, where creditors took a 75 percent haircut on 200 billion euro of debt. But Russia's involvement this time is injecting an extra frisson: accused of supporting an anti-Kiev insurgency, Moscow is also a prominent creditor potentially capable of derailing the plan. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has staked over $6 billion of clients' money – and his reputation – on Ukraine. Here are profiles of some of the main players in the talks. Some nasty things on the Ukrainian side with regard to debt taking place in the background. |
| Posted by:badanov |
| #1 Exactly how much Ukraine sans Crimea is worth? |
| Posted by: g(r)omgoru 2015-04-12 06:10 |