Only a part of Eurobond holders agreed to the postponement of payments.
Company “Naftogaz of Ukraine”, which in July announced a technical default, was able to agree on the postponement of payments with Eurobond holders for two years. 77% of investors supported the corresponding decision. This is reported by the company's press service.
Thus, the company has to pay off the debt in the amount of 600 million euros in 2026, and will start paying interest from 2024 – 45 million euros for each deferred year, in total 90 million euros.
At the same time, “Naftogaz” failed to agree with the holders of Eurobonds, the maturity date of which is November 2026, on changes in debt obligations.
In the near future, Naftogaz will turn to to the Cabinet of Ministers with a proposal to develop a joint position regarding further actions to restructure the company's Eurobonds.
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Formerly creditors did not agree to the debt restructuring requested by Naftogaz, because they believe that the company is profitable. This, in particular, is evidenced by the data in the company's reporting. The company claimed that clients do not pay their bills, and asked creditors to freeze the debt of UAH 1.5 billion.
