Leslie Weikle
on April 24, 2025
2 views
🇺🇦HEDGE FUNDS TO UKRAINE: TIME TO PAY UP
Ukraine owes $3.2 billion to a group of hedge funds - and talks just collapsed over a $500M payment due next month, with no deal in sight to kick the can down the road.
The debt is tied to how fast Ukraine’s economy grows. If it grows more than 3%, investors cash in. That happened last year... barely...after a 30% crash during the war.
Ukraine wants to swap the deal for regular bonds. The funds, led by Aurelius and VR Capital, basically said: cool, but we still want $400M in cash and new bonds for the rest.
Kyiv’s argument? These contracts were made in peacetime. Hedge funds’ reply? Not our problem.
Source: Bloomberg
Dimension: 1080 x 1674
File Size: 615.54 Kb
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