Naftogaz expects to reach agreements on Eurobond restructuring in early 2023 – Chernyshov
Lazard company is involved in this process
What happened? Naftogaz of Ukraine expects to reach agreements on the restructuring of two Eurobond issues in early 2023.
Source. Oleksiy Chernyshov, Head of Naftogaz in an interview with Forbes Ukraine.
Details. “One of my first decisions after my appointment was to conclude an agreement with Lazard, which helps us in restructuring two Eurobond issues. This refers to the issues for $350 million in 2022 and $500 million in 2026. We have already agreed on the restructuring of the 2024 issue,” he said. Mr. Chernyshov stressed that he expects to reach agreements on restructuring with bondholders “at the beginning of next year”.
He also agreed that the company's state of default makes it difficult to raise funds.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
