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Reuters
Reuters
Business

Ukraine says it has creditor approval for growth-related warrant changes

FILE PHOTO: A Ukrainian state flag flies in Kiev, Ukraine September 25, 2019. REUTERS/Valentyn Ogirenko

Ukraine has gained the necessary approval from holders of its GDP warrants to its request for proposed changes to the securities, preliminary results of a vote released in a filing on Tuesday showed.

The Ukrainian government launched a proposal in July to change conditions on its $2.6 billion of outstanding GDP (gross domestic product) warrants, a derivative security that triggers payments linked to economic growth.

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