Tymoshenko says Naftogaz will get UAH 18.6 bln by end of week
23 July 2009
Yesterday at a press conference Prime Minister Yulia Tymoshenko said that relevant orders have been passed by the Cabinet of Ministers to transfer UAH 18.6 bln into the charter fund of Naftogaz of Ukraine, UNIAN reported. The Cabinet, earlier this month, approved of issuing UAH 18.6 bln in local sovereign bonds to boost Naftogaz’ equity. Andriy Gerus: We think that most likely the funds will be spent on gas payments to Gazprom, the repayment of debt to state-owned banks Oshchadbank and Ukreximbank and the repayment of Naftogaz’ Eurobonds (USD 500 mln, maturity September 30).
