NJSC Naftogaz Ukrainy failed to obtain consent to a two-year deferral of interest payments and redemption on any of its three eurobond issues, the company said on the Irish Stock Exchange. According to the report, the required quorum (over 2/3) was reached only at a meeting as for eurobonds worth $335 million maturing in July … Read more
NJSC Naftogaz Ukrainy sent to eurobond holders through their issuer Kondor Finance Plc a repeated consent solicitation to defer principal payments on them for two years, in which, unlike the original one, it proposes to defer repayment and, accordingly, extend the circulation for two years, not only for eurobonds 2022, but also eurobonds 2024 and … Read more
NJSC Naftogaz Ukrainy, which last week defaulted on two out of three eurobond issues due to a government ban on payments on them, received permission to change loan agreements related to these eurobonds. The Cabinet of Ministers published order No. 670 dated August 1 on the same day on its website. Details of the proposed … Read more
NJSC Naftogaz Ukrainy, which defaulted on two out of three eurobond issues the day before, will immediately offer eurobond holders an agreement to defer payments in accordance with the conditions specified by government order No. 625-r dated July 21, 2022. “This process should be part of a joint effort by the government and other state-owned … Read more
NJSC Naftogaz Ukrainy announced that the proposal to postpone payments on eurobonds, which was due to the government’s position to use these funds for natural gas import, did not find support among the eurobond holders and plans to take actions regarding the execution of the company’s eurobonds transaction in connection with the government’s ban on … Read more
NJSC Naftogaz Ukrainy, through the issuer of its eurobonds, Kondor Finance plc, has approached the holders of these securities in the amount of almost $1.5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period. “In light of … Read more
Eurobonds of Ukraine on Tuesday rose by an average of 14.4% on news of the results of negotiations between Kyiv and Moscow in Istanbul: if securities maturing in 2023 and 2024 grew in price by 10.6% to 12.5%, then growth prices of shorter and longer ones reached 17.2% and 16.6%, respectively. According to Bloomberg at … Read more
Ukraine continues to carefully fulfill its debt obligations, has created a Debt Management and Redemption Fund, Prime Minister Denys Shmyhal has said. “Ukraine has always carefully fulfilled its obligations. This is the image of the state. On March 1, the Ministry of Finance of Ukraine made a coupon payment in the amount of $292 million … Read more
As a result of Russia’s full-scale military aggression, quotes of Ukraine’s dollar eurobonds fell by 18.7-27.1% on Thursday, to 39.6-43.8% of the face value. According to Bloomberg at 12:20 Kyiv time, the yield to maturity of securities maturing in 2024 jumped to 49.1-64.4%, in 2025 – to 38.9%, in 2026 – to 34.3%. Rates on … Read more
The growth of real gross domestic product (GDP) of Ukraine in 2021 amounted to 3.2%, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko has said. She announced this during a meeting with companies of the European Business Association (EBA) on February 7. As the Ministry of Economy said on its website on Tuesday, Ukraine’s … Read more