Ukraine Bondholders Seek Improved Terms After Warrant Swap

Some holders of Ukraine’s dollar bonds are exploring ways to win more favorable terms from the government, arguing that last year’s restructuring of GDP-linked securities undermined their position, according to people familiar with the matter.

Investors who exchanged their warrants in December received a new class of dollar debt and some holders of bonds from an earlier restructuring are debating whether they should seek similar terms, according to people familiar with the matter who asked not to be identified because the talks are private. Bondholders view the new, Class C debt as offering better protections.