technical-default-ukrenergo-suspends-payments-on-green-bonds

“Technical default": Ukrenergo suspends payments on green bonds

 • 25069 переглядiв

NPC Ukrenergo has announcedthat it will temporarily suspend payments on its debt obligations under green sustainability bonds starting November 9. The parliamentary financial committee explains the decision as a "technical default," UNN reports.

From November 9, 2024, NPC Ukrenergo temporarily suspends payments on debt obligations under green sustainability bonds issued in 2021 under the state guarantee

- Ukrenergo said.

It is reported that "this technical solution will be in effect until the completion of the debt restructuring, which is planned in the coming months". NPC Ukrenergo, together with the government of Ukraine, is said to be "taking all necessary measures to reach an agreement with the bondholders in the near future".

"The grounds for the suspension of payments are the provisions of a separate law, as well as two resolutions of the Cabinet of Ministers and an order of the authorized management body of NPC Ukrenergo from the state - the Ministry of Energy. These regulations were adopted as part of Ukraine's fulfillment of the terms of cooperation with the International Monetary Fund," the statement said.

As indicated, NPC Ukrenergo informed its partners and creditors about the temporary suspension of payments on the Eurobonds and assured them of the company's operational and financial stability. "We continue to fulfill our obligations and perform the functions stipulated by Ukrainian law and the company's Charter. In particular, with regard to the current tasks of preparing for winter, restoring, arranging protection and strengthening the resilience of the Ukrainian power system under martial law," the statement said.

"Well.... "Ukrenergo has declared a technical default," Yaroslav Zheleznyak, MP from the Finance Committee, explained the decision on Telegram.

В Укренерго очікують, що зиму може вдатися пройти без відключень світла, але за певних умов06.11.24, 14:03

Popular

News by theme

“Technical default": Ukrenergo suspends payments on green bonds

 • 25069 переглядiв

Scholz to discuss with Macron how the EU can act as one amid Trump's victory

 • 20761 переглядiв

Law enforcement officers show footage of evacuation from Kurakhove

 • 31743 переглядiв

Ukraine's international reserves have fallen to $36.6 billion: what's going on?

 • 30288 переглядiв

Trump's victory could halt all criminal cases against him for 4 years - media outlet

 • 19824 переглядiв

Trump Media and Tesla shares rise after Trump's second election victory

 • 25483 переглядiв

Abortion proposals win in 7 US states - media reports

 • 20196 переглядiв

World leaders massively congratulate Trump on his victory: who said what

 • 22842 переглядiв