Ukraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in installments during the heating season.
The decision is outlined in the government resolution No. 927 dated November 30.
According to a report of Oschadbank, as of September 30, the bank held Naftogaz’s bonds valued at 4.697 billion UAH. (Interfax/Business World Magazine)