Ukraine fails to reach deal to restructure $2.6bn of debt

Ukraine Fails to Restructure $3.2B in GDP Warrants, Creditors Reject Deal

Ukraine has been working on restructuring of the GDP warrants since 2024 Eurobond restructuring, but so far it has achieved no result despite communication between the government and hedge funds.

Ukraine unable to agree to restructuring deal with GDP-linked debt holders

Ukraine’s proposal said to have ‘no prospect of approval or form the basis for a viable point of engagement’

Ukraine fails to reach deal on restructuring $2.6 billion debt, faces default

The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt.This means Kyiv might have to default on paying some $600 million ahead of the deadline in late May."Ukraine indicated that it could not accept the Restricted Holders’ Proposal and declined to make any further proposal to the Restricted Holders before the end of the Restricted Period," the Ukrainian gov…

Ukraine fails to reach deal to restructure $2.6bn of debt

Kyiv due to make estimated $600mn payment on GDP warrants next month

Ukraine Fails to Restructure Warrants With Hedge Fund-Led Group

Ukraine and a group of creditors led by hedge funds failed to agree on the restructuring terms for $3.2 billion worth of debt linked to economic growth, ahead of next month’s payment.

A new US proposal to end the war against Ukraine, which also provides for territorial assignments, is rejected in Kiev. Experts have little hope that it could bring momentum to the stagnant negotiations. By Frank Aischmann.