Government postpones UAH 4.8 bln Naftogaz bonds redemption

09:49, 13.12.2016 1 min read

Ukraine's Cabinet of Ministers has postponed redemption of Series A, B and C UAH 4.8 billion bonds issued by national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in installments during the heating season.

The decision is outlined in government resolution No. 927 dated November 30, 2016.

According to a report of Oschadbank, as of September 30, 2016, the bank held Naftogaz's bonds totally worth UAH 4.697 billion.