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Naftogaz of Ukraine to pay $1.7 billion on Eurobonds September 30

September 25, 2014, 1:45 UTC+3 KIEV
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KIEV, September 24. /ITAR-TASS/. Naftogaz of Ukraine will pay $1.67 billion on Eurobonds issued in 2009, the Ukrainian Finance Ministry said on Wednesday.

“The payment will be made on time because the government has provided full support to the company for the payment,” it said.

Commitments under Eurobonds 2009 are secured by government guarantees.

On November 5, 2009, Naftogaz of Ukraine had completed the restructuring of its foreign debt through a formal exchange of Eurobonds to a tune of $1.5 billion, maturing on September 30, 2014, at a 9.5% per annum

Naftogaz is Ukraine’s leading company in the fuel and energy sector and one of the biggest companies in the country. It produces one-eighths of Ukraine’s GDP and generates one-tenth of national budget revenues.

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