In an exclusive interview with REDD Intelligence, Stefan Weiler, head of CEEMEA debt capital markets at JPMorgan, reveals the thought process behind Ukraine's recent request to defer payments on its Eurobonds and GDP warrants, and the various factors that influenced the July timing of the consent.
JPMorgan is consent solicitation agent on Ukraine's proposed transaction, through which the country is seeking debt relief on its sovereign and state-guaranteed Eurobonds for the next two years. The proposals also seek to prevent unsurmountable payments being triggered under Ukraine's GDP warrants if economic growth rebounds sharply after the war.
As the 9 August voting deadline draws nearer, Stefan chatted to REDD's CEEMEA Senior Journalist, Yulianna Vilkos, about the IMF’s input into the consent solicitation preparation process and the likelihood of a comprehensive debt restructuring at a later stage. Stefan also shared his thoughts on the current level of support for the consent and the two possible scenarios should the proposals not be passed.
Listen to the full interview in REDD CEEMEA’s inaugural podcast linked here:
RSS feed: https://rss.com/podcasts/reddtalks/573672/