Headlines
Ukraine to default on payment to GDP warrant holders
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Ukraine defaults on $665 million payment to GDP warrant holders, marking its first default since the instruments' creation. Economic performance in 2023 influences this decision.
LONDON (Reuters) -Ukraine's finance ministry said on Friday it would not be paying more than half a billion dollars due to holders of its GDP warrants, marking the first payment default since it created the instruments.
The war-ravaged country said it owes $665 million on June 2 to holders of the $3.2 billion worth of warrants, based on 2023 economic performance.
Last year, Ukraine's parliament approved a payment moratorium on the GDP-linked securities from May 31.
(Reporting By Libby George, Marc Jones and Olena Harmash; Editing by Hugh Lawson)
Ukraine is defaulting on more than half a billion dollars owed to holders of its GDP warrants, specifically $665 million due on June 2.
Last year, Ukraine's parliament approved a payment moratorium on the GDP-linked securities starting from May 31.
The total worth of Ukraine's GDP warrants is $3.2 billion, which is based on the country's economic performance in 2023.
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