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Ukraine investors ask credit committee if debt freeze is credit event

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LONDON — Investors have asked the Credit Derivatives Determinations Committee (CDDC) if a “restructuring credit event” occurred in a two-year debt freeze of $20 billion of Ukraine’s overseas bonds, according to a statement on Monday.

The decision is pending and the committee has no meetings scheduled after the question was submitted. (Reporting by Jorgelina do Rosario; Editing by Toby Chopra)

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