Ukraine Revives Talks With Hedge Funds on Restructuring Warrants

Ukraine’s government and holders of the nation’s GDP warrants — debt instruments with payouts linked to economic growth — have resumed negotiations to potentially restructure the securities, according to people familiar with the matter.

A group of investors, led by hedge funds, signed non-disclosure agreements to enter into so-called restricted discussions this week, according to the people, who asked not to be named because the proceedings are confidential. In earlier talks this month, the parties failed to agree on terms to restructure $3.2 billion worth of debt linked to Ukraine’s economic growth.