HomeEconomyNaftogaz again refused to...

Naftogaz again refused to postpone the payments

Photo: Naftogaz

At the meeting of Eurobond holders, only 22% of votes were cast in favor of deferred payments, with the required minimum of 75%.

Naftogaz failed for the second time to get permission from creditors for a two-year postponement of bond payments. This was stated in the company’s message to the Irish Stock Exchange, Interfax-Ukraine reported on Wednesday, August 17.

function news4506612() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4506612&lang=2&IsAjax=true’, function (data) { $(‘#nk4506612’).html(data); });
}

news4506612();

“The required quorum (more than 2/3) was only reached at the meeting of the holders of the Eurobonds for the $335 million maturity in July 2022, but only about 22% of the votes were submitted for the postponement, with the necessary minimum 75% ,” the message said.

For the other two issues – maturing in 2024 for 600 million euros and maturing in 2026 for $500 million – there is no quorum, so repeat meetings will be called.

Naftogaz determined that the owners of about 49% of the bonds registered for the Eurobond meeting in 2024 and about 74% of the votes were given in favor of the proposal of the NJSC.

As for the 2026 Eurobonds, which are due in November, about 54% are registered for the meeting, and about 43% of the votes are in favor of the postponement.

Recurring meetings for Eurobonds-2024 and Eurobonds-2026 are scheduled for 31 August.

“Based on the quorum presented at the preliminary meetings, it is anticipated that the adjourned meetings held in respect of the 2024 bonds and 2026 bonds will have a quorum,” the NAC notes.

Recall that on July 26, Naftogaz was unable to use Eurobonds, as their holders rejected the restructuring proposal. On August 3, Naftogaz sent investors a second request. The media reported that he was also rejected.

Naftogaz said about negotiations with creditors

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

Bentered 41 Samole Strategic Aviation of the Russian Federation – BAB

Spider Web special operations were disclosed by the Ukrainian Security Service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Sunday, June 1, at the same time, at the same...

Zelensky congratulations on the new President of Poland with a victory of choice

President of Ukraine Volodymyr Zelensky congratulated Karola Navrotsky on the victory in the election of the President of Poland. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The head of...

Russian agent is ready anger in Kyiv (photo)

The agent of the Russian Federation prepared a series of terrorist attacks in Kyiv. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } A supporter of the invaders was detained in...