Ukraine to Miss Payment on GDP-Linked Debt
- Ukraine will miss a $665.5 million payment on GDP-linked securities due on June 2, 2025, as announced by its Finance Ministry.
- The missed payment results from unresolved debt restructuring talks between Ukraine and international creditors, including hedge funds, with no agreement reached as of April 2025.
- Ukraine has a $2.6 billion stock of GDP-linked securities, which are debt instruments tied to economic growth, and it previously imposed a moratorium on related payments.
- The 2024 deal with creditors eliminated the cross-default provision, so Ukraine does not have to recognize a default on its sovereign bonds even if it misses the GDP-linked payment.
- Ukraine remains cash-strapped amid ongoing war and plans to continue seeking a fair restructuring of GDP-linked debt to avoid wider default risks.
14 Articles
14 Articles
Ukraine, Located in a Deep Economic Crisis, Announces that It Will Not Pay the Money Due to the Holders of State Securities
The Ministry of Finance of Ukraine announced on Friday that it will not pay over half a billion dollars to PIB-related title holders, which expires on 2 June, thus marking the first default since the creation of these financial instruments, transmits Reuters, taken by news.ro.
Ukraine to skip $665 million debt payment, Bloomberg reports
Ukraine will skip a $665 million government debt payment after failing to agree on restructuring terms with creditors, Bloomberg reported on May 30."Ukraine remains committed to implementing a comprehensive, fair and equitable restructuring of the GDP-linked securities," the Finance Ministry told Bloomberg.On April 24, the Ukrainian government said it failed to reach an agreement with its debtholders to restructure approximately $2.6 billion of …
Coverage Details
Bias Distribution
- 57% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage