IMF favors Naftogaz Eurobond restructuring
7 September 2009
The International Monetary Fund supports the restructuring of Naftogaz of Ukraine’s USD 500 mln Eurobonds that mature later this month, a Naftogaz official said in an interview with weekly Zerkalo Nedeli. Last week Naftogaz announced that it hired Credit Suisse to restructure its USD 1.1 bln in foreign debt, and as dealer-manager for the planned restructuring of its Eurobond.
