Ukrenergo and Ukravtodor Eurobond holders agreed to defer payments.
Owners of Eurobond from the state highway agency of Ukraine (Ukravtodor) and Ukrenergo have decided to delay interest payments and postpone the maturity date for two years, announced the London Stock Exchange. The proposed changes to the conditions for issuing Eurobonds are expected to enter into force on August 11. Ukravtodor placed debut Eurobonds for $700M maturing in 2028 at a rate of 6.25% last June under state guarantee. In November of last year, Ukrenergo placed the debut of five-year green Eurobonds worth $825M with a yield of 6.875% and interest payments twice a year, also under state guarantee. Funds from the issuance of Eurobonds were used to pay debts owed from the green tariff.