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NAFTOGAZ OF UKRAINE ACCUSED THE MINISTERS OF THEIR OWN DEFAULT

... were issued with a yield of 7.6%. Prior to that, the firm appealed to the owners of securities with a proposal to postpone payments for a couple of years, but did not find support. The holders of Eurobonds demanded to repay the obligations on the 2022 securities in full, and to pay interest on the 2024 bonds. In total, the company had to pay about $335 million in principal and €45 million in interest, according to Reuters. The government of Ukraine, which the management of Naftogaz has assigned responsibility for the upcoming heating season, believes that the main thing for the company is to maintain liquidity. According to officials, the firm's attempt to close debts may cause concern among ...

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