Naftogaz of Ukraine NJSC made the necessary payments on Eurobonds due in 2022 and 2026 in accordance with the terms of the restructuring. This was announced by the chairman of the board of Naftogaz Oleksiy Chernyshov.
Thus, Naftogaz has exited default on Eurobonds.
"The Naftogaz Group's philosophy is to be reliable at all operational levels. We will continue to confirm our reliability to our partners," Chernyshov commented.
One may remind that on July 28, 2023, the voting in support of the restructuring of Eurobonds proposed by Naftogaz, which was supported by most investors, ended.
At the end of June 2023, the Cabinet of Ministers agreed on the terms of the restructuring of Naftogaz's Eurobonds, on which the company reached an agreement with investors. Lazard Frères SAS (Lazard) acted as a financial advisor, and AEQUO and Freshfields Bruckhaus Deringer acted as legal advisors.
