Naftogaz seeks to stop political speculation about the company's debt restructuring

NAK Naftogaz Ukraine considers unacceptable and untrue statements of politicians at various levels over the state and the expected results of restructuring the external debt of the company. This was reported in the press center of Naftogaz Ukraine . In particular, the company notes unfounded and incorrect calculations of certain so-called loss or profits of the company as a result of restructuring, which are available within the statements of some politicians.

Moreover, the company once again warns politicians of all levels from such statements because they contain a twisted and false information can not only damage the image of the state, and NAK Naftogaz Ukrainy, but also lead to direct financial losses of the latter.

The press service of the company noted that the process of restructuring the external debt of Naftogaz Ukraine is at the final stage, and until it is completed, the company is unable to give any comments on the final terms of restructuring and settlement of its usefulness.

addition, Naftogaz Ukraine and her advisers are making every possible effort to achieve optimal results that will display a fair market conditions, and hence allow both the company and the Government of Ukraine to continue to cooperate constructively with the international financial institutions .

The company believes that the escalation of hysteria Naftogaz Ukraine is only an attempt to use a company in the political confrontation and to obtain political dividends in the new campaign. Therefore NAK Naftogaz Ukrainy, which again calls on politicians at all levels in a constructive and balanced approach to provide estimates on the company.
As UNIAN reported earlier, on Oct. 19 this year majority of the holders of Eurobonds NAK Naftogaz Ukraine in the amount of $ 500 million agreed to the proposed restructuring of the company.

September 30 NAK Naftogaz Ukraine has paid interest on Eurobonds for $ 500 million Taking into account the coupon rate of 8.125% per annum and the semi-annual coupon payment date payment was about $ 20 million
Naftogaz Ukraine and is in talks to restructure other debt totaling about 1.15 billion dollars, which he proposes to hold under the same conditions as the restructuring of Eurobonds.

Help. NAK Naftogaz of Ukraine - the largest state-owned vertically integrated oil and gas company in Ukraine, the company which produce more than 97% of gas and oil in the country. NAC is developing deposits, oil and gas, transportation and sales of oil products through its own network of filling stations.

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