“Ukrenergo” announced the temporary cessation of payments on its ‘green’ bonds of sustainable development.
According to the company’s press service, this decision is technical and will be in effect until the debt restructuring is completed, which is scheduled to be finalized in the coming months.
The company noted that the suspension of payments is in line with the provisions of Ukrainian legislation and resolutions of the Cabinet of Ministers adopted to ensure fulfillment of the terms of cooperation with the International Monetary Fund.
“Ukrenergo has already notified its creditors about the temporary suspension of payments on eurobonds and assured them of the company’s operational and financial stability.