In total, the company issued bonds worth EUR 600 million and USD 335 million
The European Bank for Reconstruction and Development (EBRD) has purchased bonds issued by NJSC Naftogaz of Ukraine for EUR 120 million. This was reported by Interfax-Ukraine News Agency, citing the Bank.
The EBRD funds should be used solely for the purchase of natural gas for the 2019/2020 heating season.
Recall that Andrii Koboliev, the chairman of the board of NJSC Naftogaz of Ukraine, earlier reported about a possible scarcity of funds of the company – because of necessity to pump about 20 billion cubic meters of gas to underground storage facilities before the start of the heating season.
At the same time, the government required NJSC Naftogaz of Ukraine to pay dividends for 2018 – in the form of 90% of net profit (UAH 12.3 billion).
The company paid full dividends after placing Eurobonds for EUR 600 million (5 years at 7.125%) and USD 335 million (3 years at 7.375%). It was noted that the main investors of the issue were the EBRD and a number of investors from the United States.
NJSC Naftogaz of Ukraine combines state assets in the fields of production, transportation, processing and sale of natural gas and oil. The Cabinet of Ministers of Ukraine is a shareholder of NJSC Naftogaz of Ukraine. In 2018, the company received UAH 13.6 billion in net profit.