GDPwarrants

Ukraine isn’t concerned about potentially missing a payment on GDP warrants, even with the risk of default. During a recent meeting with investors in London, Government Commissioner for Public Debt Management Yuriy Butsa emphasized that Ukraine will not hasten to restructure the 2015 government derivatives ...

• #DebtRestructuring
• #financeUkraine
• #GDPwarrants
• #nbu
• #UkraineSecurities

Ukraine fails to reach an agreement on a $2.6B debt restructuring. On April 24, Ukraine announced that it was not able to negotiate an agreement with debt holders regarding the $2.6B connected with GDP warrants. Nevertheless, the Finance Ministry intends to continue ...

• #Creditors
• #DebtRestructuring
• #financeUkraine
• #GDPwarrants
• #imf
• #UkraineBond

Ukraine has initiated negotiations to restructure payments on its GDP warrants. A group of warrant holders has signed non-disclosure agreements and commenced limited negotiations with the Ukrainian side last week. In-person meetings are anticipated this week in Washington as part...

• #Creditors
• #DebtRestructuring
• #GDPwarrants
• #imf
• #UkraineBond
• #worldbank

Ukraine will restructure government derivatives tied to GDP growth rates. Yuriy Butsa, the government commissioner for public debt management, notes that Ukraine issued GDP warrants in 2015. According to the terms, any GDP growth above 3% per year triggers payments to warra...

• #Creditors
• #financeUkraine
• #GDPinUkraine
• #GDPwarrants
• #UkraineBond
• #UkraineEconomy

Despite market fears, Ukraine has paid $200M to GDP warrant holders. Ukraine has paid about $200M to holders of its GDP warrants, securities that weren’t part of a recent $20B Eurobond restructuring agreement with private creditors. The warrants have disbursements link...

• #DebtRestructuring
• #EurobondsPayments
• #GDPwarrants
• #UkraineBond
• #ukrainedebt

In August, Ukraine is scheduled to pay $210M to the owners of GDP warrants, but the Ministry of Finance is delaying the decision. Ukrainian Eurobonds holders are still determining the fate of their GDP warrants, the total nominal value of which is $3.2B. On August 1, in addition to the payment for Eurobonds maturing in 2026, Ukr...

• #Creditors
• #DebtRestructuring
• #Eurobond
• #ForeignInvestor
• #GDPwarrants
• #UkraineBond
• #ukrainedebt

Owners of Ukrainian GDP warrants are rallying for negotiations on restructuring. Some holders of Ukrainian GDP warrants are planning to create a group that will represent their interests in restructuring sovereign debt, the data platform on public markets, and REDD companies repor...

• #Creditors
• #DebtRestructuring
• #ForeignInvestor
• #GDPwarrants
• #imf
• #UkraineBond
• #ukrainedebt

Ukraine makes new offers to creditors to reach an agreement on debt restructuring. Ukraine plans to include GDP warrants in a proposal to restructure international bonds worth about $20B. This is a new attempt by Kyiv to establish contact with investors after formal negotiations thu...

• #Creditors
• #DebtRestructuring
• #GDPwarrants
• #imf
• #UkraineBond
• #ukrainedebt

The Ministry of Finance manages to buy out 20% of Ukraine’s GDP warrants in February and reduce payments on Eurobonds in September by $100M. “Due to this, Eurobond redemption payments will be $100M less and will amount to $912M in September,” said Finance Minister Serhiy M...

• #GDPwarrants
• #nbu
• #UKraineGDPwarrants

Ukraine may pay UAH 1.3-2.4B on GDP warrants in 2023.  Experts believe that Ukraine may pay between UAH 1.3B to UAH 2.4B to holders of GDP-warrants in 2023, as economic growth in 2021 could reach 3.2-3.3% of the GDP, experts said, referring to the State ...

• #GDPwarrants
• #UKraineGDPwarrants