Ukraine Fails to Reach Deal to Restructure $3.2 Billion Debt

Ukraine and a group of creditors led by hedge funds failed to agree on the restructuring terms for $3.2 billion worth of debt linked to economic growth, ahead of next month’s payment.

The government and the holders of the so-called GDP warrants, which include Aurelius Capital Management LP and VR Capital Group, held talks between April 15 and April 23, according to a statement published on the London Stock Exchange on Thursday.