NJSC Naftogaz of Ukraine considers that in the light of tough market conditions and structural difficulties in the domestic and international gas market, the extension of the maturity of the Eurobond is one of a number of measures the Company is considering to best manage its financial situation.
The appointment of Credit Suisse further demonstrates that the Company is striving to restructure its debt in a transparent way that is both appropriate and fair to the Company and its creditors.
Further details as to the restructuring will be announced in the near term.
Press center NJSC Naftogaz of Ukraine
Chris Salt/Dudley White
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