HomeEconomyUkrenergo requests to postpone...

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.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...