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Ukraine's GDP warrantholder group signals backing for restructuring plan

BY Reuters | ECONOMIC | 12/09/25 11:22 AM EST

LONDON, Dec 9 (Reuters) - Ukraine got crucial signal of backing from creditors on Tuesday in its long-running push to swap $2.6 billion of growth-linked debt for a new, more predictable set of government bonds.

Ukraine launched an offer on December 1 to replace its so-called GDP warrants for bonds with a rising interest rate, plus up to $180 million up front cash payment if the deal passes swiftly with widespread support.

The Ad Hoc Group which has been spearheading the negotiations said the most recent talks with Kyiv had resulted in "significant improvements" to the drafting of the terms of the new 'C Bonds', as well as "supplemental documents".

"The Ad Hoc Group confirms its support for the Invitation as set out in the supplemental documents," the group said in a statement. (Reporting by Marc Jones; editing by Karin Strohecker)

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