Ukraine’s Finance Ministry announced on Aug. 9 the terms of the exchange of old bonds for newly issued securities, launching the process of restructuring Ukraine’s external debt on Eurobonds. Kyiv reached an agreement in principle with some of its creditors in late July to restructure the country’s external debt, which amounts to around $23 billion. Ukraine struck a deal with creditors at the onset of the Russian full-scale invasion to postpone the payments due to the war’s pressure on the country’s economy. The deal to freeze payments of around $23 billion was set to expire on Aug. 1. Holders…