Naftogaz has made payments on Eurobonds by terms of the restructuring – Oleksiy Chernyshov

Naftogaz has made mandatory payments on Eurobonds by the restructure schedule.

This was announced today, July 19, 2024, by Oleksiy Chernyshov, CEO of Naftogaz Group. 

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 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, the company agreed with investors on how to restructure Eurobonds. 

In June 2023, the Government approved the terms of the restructuring of the 2022/2026 Eurobonds proposed by Naftogaz.

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