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2015-03-16

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.

Superfund Macro Report #10

Superfund Macro Report

Headlines

The Euro takes a deeper dive...but then slightly recovers. Currently at $1.0566.

An Interest Rate Hike Could Cause A Recession? LINK

Why is Apple making a gold watch? Think luxury markets - LINK 

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U.S. crude fell below $43 a barrel on Monday for the first time since March 2009 - LINK

In Depth

From bust to boom: How the world became addicted to debt Mapped: Eight years on from the financial crisis, the global economy is still awash with record levels of debt. Click on the countries to find who's in the red and who's in the black - LINK

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Spine (really head) transplantation is here - LINK 

Onward profits!

Chad

Managing Partner, Hagan Capital
Founding Editor, Superfund Macro Report
Chad Hagan on StockTwits