Ukraine: Naftogaz set for success on restructuring

Terms of bond offer announced; Company has 21 days to complete restructuring

  The head of Ukraine state gas company Naftogaz, Oleg Dubina, and Ukrainian prime minister Yulia Tymoshenko: hopeful of successful debt exchange

The head of Ukraine state gas company Naftogaz, Oleg Dubina, and Ukrainian prime minister Yulia Tymoshenko: hopeful of successful debt exchange

Naftogaz, the Ukrainian state-owned gas company, appears to have succeeded in a last-ditch attempt to appease bondholders through a restructuring offer for a $500 million Eurobond that matured at the end of last month. The deal forms part of the company’s plans to roll over $1.6 billion of debt owed to foreign creditors, including $1.1

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