Ukraine has preliminarily agreed with private creditors to restructure over USD 20 bln of its international debt, aiding its defense efforts against Russia. The deal includes a 37% nominal loss for bondholders, equating to a forfeiture of USD 8.67 bln across 13 notes. This restructuring is expected to save Ukraine approximately USD 11.4 bln over the next three years through reduced interest rates and extended maturities.