Thursday, 2 October 2014

Ukraine's Naftogaz Says It Has Repaid Bond - WSJ

Ukraine's Naftogaz Says It Has Repaid Bond - WSJ:



"Ukrainian state gas company Naftogaz said Wednesday it has repaid its $1.595 billion Eurobond and an accumulated coupon of $75.76 million, settling an urgent bill with bondholders.



"The payment was sent today to Euroclear and Clearstream clearing systems," the company said in an emailed statement.



Although Ukraine officials have repeatedly said in the recent days that the company would honor the bond, the debtholders were worried that the country, facing political and financial crises, would fail to pay."



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