HomeEconomyNaftogaz agreed to Eurobonds

Naftogaz agreed to Eurobonds

Photo: Naftogaz

The restructuring should be completed by the end of July 2023. But the corresponding proposals still need to be approved by the Cabinet.

Naftogaz reached agreements to restructure Eurobonds maturing in July 2022 and November 2026. It was reported on the company’s website on Wednesday, May 31.

It is mentioned now the leadership Naftogaz held a meeting with holders of Eurobonds.

“We have good news: agreements were reached on the restructuring methods of Eurobonds with maturities in 2022/2026. During the meeting, we presented investors with detailed restructuring proposals approved by the management and supervisory board of the company. The restructuring should be completed by the end of July 2023,” the statement said. message.

It is alleged that it is possible to find an optimal solution for both investors and the Ukrainian company. In the future, the relevant proposals must be approved by the Cabinet of Ministers as a shareholder of the company.

As a reminder, July 26, 2022 Naftogaz defaulted on Eurobonds because their owners rejected a restructuring offer. Later Naftogaz sent a second request to investors, but it was also rejected.

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Source: korrespondent

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