Naftogaz of Ukraine NJSC has made mandatory payments on Eurobonds in terms of the restructuring. This was announced by the Head of Naftogaz Group Oleksiy Chernyshov on July 19, 2024.
“Under the terms of the restructuring, Naftogaz has made mandatory payments, and the next one is scheduled for November 2024. We are fulfilling our obligations in good faith. Getting out of default demonstrates our reliability to international partners and enables Naftogaz to attract new capital investments for the company's development. This has been and remains one of my main tasks as CEO of Naftogaz Group,” said Oleksiy Chernyshov.
As a reminder, in November 2022, Naftogaz of Ukraine NJSC addressed the holders of Eurobonds maturing in 2022 and 2026 with a proposal to intensify cooperation to find a mutually acceptable solution to overcome the default.
In May 2023, Naftogaz agreed with investors on ways to restructure the Eurobonds. In June 2023, the Government approved the terms of the restructuring of the 2022 and 2026 Eurobonds proposed by Naftogaz.
