It became known why the company declared a technical default.
In Ukraine, the management of the government company Naftogaz has declared a technical default.
This is reported in the Telegram channel of Naftogaz.
The reason is the expiration of the terms of payments on Eurobonds, although there were sufficient funds in the accounts.
It follows from the press release that the Cabinet of Ministers did not allow the company to fulfill its obligations to the holders of Eurobonds, and by the end of the day it was necessary to pay $335 million of debt and €45 million of interest.
Earlier, Naftogaz reported a shortage of funds to repay payments to Eurobond holders, calling for them to be postponed for a period of two years.
However, this request was rejected by the creditors. In addition, the Government of Ukraine has introduced a ban on payments on bonds.
As a result of this decision, Naftogaz lost access to the international capital market.
Now the responsibility for attracting new funds for the heating season has fallen on the shoulders of the Cabinet of Ministers of Ukraine.
Earlier, Topnews wrote that Naftogaz responded to Russia’s offer for a discount on gas.
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