On May 31, Naftogaz of Ukraine NJSC was able to reach agreements on ways to restructure Eurobonds maturing in 2022/2020. This was announced by the head of Naftogaz Oleksiy Chernyshov on Facebook.
According to Chernyshov, during the meeting, Naftogaz presented detailed restructuring proposals to investors, which were approved by the company's board and supervisory board. The restructuring should be completed by the end of July 2023.
"It is important that we managed to find the most optimal solutions for both investors and our group of companies in a close dialogue with all owners of Eurobonds," Chernyshov said.
In the future, relevant proposals are subject to the approval of the Cabinet of Ministers of Ukraine, as a shareholder of Naftogaz.
"I thank all the participants for the constructive discussions, and the government of Ukraine and our international partners, in particular the EBRD, for their constant support," concluded the head of Naftogaz.
