War-torn Ukraine has averted the threat of default by striking a debt restructuring agreement with its private creditors. The restructuring deal agreed with a committee of bondholders will save Kiev $11.4 billion in debt servicing over the next three years and $22.75 billion by 2033, said Finance Minister Sergii Marchenko. Marchenko said bondholders had agreed to a nominal reduction on the value of their holdings by 37%. Originally, the bonds had been due for repayment between 2024 and 2029. “This will free up important financial resources that can be used for defence and social spending,” Mar…