Ukraine has won the backing of a key group of investors for a restructuring of $2.6bn in growth-linked debts which Kyiv needs to shore up financing of its war effort against Russia’s invasion.
Ukraine’s finance ministry said on Tuesday that a committee of holders of its so-called GDP warrants would accept an offer to swap them into new bonds after it finalised insurance against the risk of a further restructuring.
A committee of holders of the warrants said on Tuesday that it was backing Ukraine’s offer after talks to enhance this debt insurance. “These negotiations have resulted in significant improvements to the drafting of the terms” of the bonds, the committee said.