Ukraine completed its $20.5B Eurobond restructuring, reducing the national debt by $9B.

The restructuring process included the exchange of 13 series of government Eurobonds and one series of state-guaranteed Ukravtodor Eurobonds worth about $20.5B, approximately $24B including capitalized interest, for eight new series of Eurobonds with a nominal value of $15.2B. Ukraine’s debt…