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Ukraine made it first payment – $41 million – for GDP warrants issued as part of the public debt restructuring in 2015.

Tuesday, June 1, 2021

The trigger for yesterday’s repayment was Ukraine’s GDP growth of 3.2% in 2019. Last summer, seeing the 3% barrier falling, the Finance Ministry bought back $330 million of the warrants, about 11% of the outstanding total. Ukraine is liable for paying on these warrants through 2040.

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