Holders of Naftogaz Eurobonds Reject Early Redemption

16 November 2008

According to Interfax, even though Naftogaz of Ukraine has violoated covenants by failing to provide 2006 audited financial results, holders of its Eurobonds have decided against early redemption. Naftogaz’s USD 500 mln Eurobond issue (M: Ba2, F: B+) mature in September 2009.

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