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NAFTOGAZ OF UKRAINE ACCUSED THE MINISTERS OF THEIR OWN DEFAULT

... Cabinet of Ministers with a request to allow the payment of money on Eurobonds, the company was refused. At the same time, the firm emphasizes that the necessary money was in the accounts, and the default itself is of a technical nature. It is known that Naftogaz in 2019 issued three types of securities for a period of 3, 5 and 7 years. Three-year bonds worth $335 million have a declared yield of 7.3%. Five-year securities in the amount of €600 million are calculated at 7.1%. Seven-year bonds worth $500 million were issued with a yield of ...

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