Saturday, July 13, 2024

Sources say Ukraine is seeking a debt deal before the deadline, looking to include GDP warrants

Ukraine aims to restructure debt in the middle of war, includes GDP warrants: sources

Are you interested in the latest news on Ukraine’s debt restructuring efforts amidst a war-torn environment? Look no further, as we delve into the details of Ukraine’s plans to restructure its debt before payment moratoriums expire on August 1st.

In a recent call with investors, Ukraine expressed confidence in its ability to successfully restructure some $20 billion of international bonds, even amidst the challenges posed by the ongoing conflict. The country is also considering including GDP warrants as part of its restructuring efforts, a move that could impact the terms of the restructuring deal.

Despite previous talks ending without an agreement, Ukraine is determined to engage with investors and reach a resolution soon. The gap between bondholders’ willingness to offer a 20% haircut and Ukraine’s proposal of up to 60% remains a point of contention, but both parties are hopeful that a compromise can be reached.

Key figures involved in the restructuring process, including Yuriy Butsa and representatives from the IMF, have been actively engaging with creditors to find a viable solution. The inclusion of most-favoured creditor clauses in the restructured bond instruments is also being considered to ensure fairness in future debt restructuring processes.

Stay tuned for more updates on Ukraine’s debt restructuring efforts and the impact it could have on the country’s economic outlook. The road ahead may be challenging, but with determination and cooperation, Ukraine aims to navigate through these turbulent times and emerge stronger than before.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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