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Government exchanges securities for government bonds to help Naftogaz
Journal Staff Report

KIEV, Sept. 29 – Ukraine's Finance Ministry on July 22-29 boosted purchases of securities by UAH 22.44 billion, to UAH 96.61 billion, in exchange for government domestic loan bonds, the State Treasury Service reported on Monday.

The service didn't elaborate on what securities were bought by the ministry, yet the point at issue earlier were NJSC Naftogaz Ukrayiny's shares, and the sum of the additional capitalization was virtually equal to the sum the company needed to repay its loan participation notes (LPN) on September 30. The LPNs were issued to the tune of $1.6 billion against government guarantees at a coupon rate of 9.5% per annum.




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