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Ukrenergo requests to postpone payments on Eurobonds

Photo: Ukrenergo

The company expects to defer payments on green bonds worth $825 million over two years.

Ukrenergo approached investors with a proposal to postpone payments on Eurobonds for two years, according to the company’s website on Thursday, July 28.

Thus, the company proposes to change the terms of the issuance of green bonds of sustainable development in the amount of $825 million with a yield of 6.875% and a maturity in November 2026.

Coupon payments on Eurobonds due within 24 months from the next interest payment date are also proposed to be rolled over to 2028.

At the same time, it is indicated that the transfer is proposed to be carried out in terms of continued accrual of interest at a coupon rate of 6.875% and with the possibility of capitalization of deferred amounts at the end of this period.

Investors are expected to respond to the proposal on August 9.

Recall that Naftogaz announced a default on Eurobonds two days ago. What this means for the Ukrainian economy read in the material Correspondent.net.

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Source: korrespondent

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