Ukraine's Naftogaz says bondholders okay debt restructuring … – Reuters

KYIV, July 28 (Reuters) – Ukraine’s Naftogaz said on Friday that holders of its 2022 and 2026 bonds had approved debt restructuring proposals, opening the way to ending a months-long default.

“The outstanding success of this consent solicitation, which was supported by over 85% of the holders, will allow Naftogaz to normalize its situation vis a vis capital markets,” the state-owned energy company’s CEO, Oleksiy Chernyshov, said.

Naftogaz, which was for months locked in talks with bondholders of its already defaulted 2022 and 2026, agreed debt restructuring offers in May.

The main changes included offering cash payments to holders of its 2022 bonds on all interest accrued so far to be made in July 20…

Read the full article at: https://www.reuters.com/business/energy/ukraines-naftogaz-says-bondholders-okay-debt-restructuring-proposals-2023-07-28/