Hedge Funds Position for Ukraine Debt Restructuring Talks

A group of hedge funds, including Aurelius Capital Management LP and VR Capital Group, is preparing for debt-restructuring talks with Ukraine's government. They aim to renegotiate around $2.6 billion of GDP warrants. This creditor group is being advised by Cleary Gottlieb Steen & Hamilton LLP.

A group of hedge funds invested in Ukraine is forming a coalition ahead of debt-restructuring negotiations with the government to rework approximately $2.6 billion of GDP warrants, Bloomberg News reported on Wednesday, citing sources familiar with the matter.

The funds, which include Aurelius Capital Management LP and VR Capital Group, are part of a creditor group that is being advised by the law firm Cleary Gottlieb Steen & Hamilton LLP, according to the report.