Lenders again refused Naftogaz in a request for a delay

17 August 2022, 23:43 | Economy 
фото с Зеркало недели

NJSC Naftogaz of Ukraine again failed to obtain consent to a two-year deferral of interest payments and redemption of any of the three issues of its Eurobonds. This is stated in the message of the company on the Irish Stock Exchange..

According to the report, the required quorum of more than two-thirds was achieved only at a meeting of Eurobonds worth $335 million maturing in July 2022.. However, only about 22% of the votes were cast in favor of the postponement, with a required minimum of 75%..

For the other two issues, maturing in 2024 for EUR600m and maturing in 2026 for $500m, the quorum has not been reached, so a second meeting will be called.

About 49% of bondholders registered for Eurobond fees in 2024, and about 74% of the votes cast were cast in favor of the NAC proposal.

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As for the 2026 Eurobonds, which have interest and maturity in November, about 54% registered for the fee, and about 43% of the votes for deferment were cast..

2024 Eurobonds and 2026 Eurobonds re-meeting scheduled for 31 August.

As you know, a week ago Ukraine received a deferral of payments on GDP warrants..

In addition, Ukraine's creditors agreed to freeze Ukraine's $20 billion debt..

Источник: Зеркало недели