Naftogaz decided to enter the market of foreign capital

Naftogaz of Ukraine announced a public auction for the purchase of services in credit rating, which will contribute to the placement of Eurobonds of the company.

Нафтогаз решил выйти на рынок иностранного капитала

This was reported by the press service of the company.

Expected value of the procurement will not exceed 3.99 million UAH.

The main tasks that should be implemented include: conducting research team of the winner of the analytical review of the company’s activities, the assignment of credit ratings on the basis of the analytical review; publication of the credit rating of the company in English on his own official website.

Since it is projected that potential buyers of Eurobonds can be both European and American investors, the bidder shall have the status of nationally recognized statistical rating organizations (nationally recognized statistical rating organization — NRSRO) in accordance with section 15E of the securities Act and the stock exchange of 1934 of the United States of America.

Earlier, chief commercial officer of the company Yuriy Vitrenko said that Naftogaz has no financial problems, but considering the placement of Eurobonds, if necessary.

Later, the head of the management Board Andrey KOBOLEV said that Naftogaz plans to enter the Eurobond market in 2018.

Naftogaz of Ukraine 100% state owned. It includes the operator of the Ukrainian GTS and underground gas storage (UGS) company Ukrtransgaz and the largest gas company Ukrgazvydobuvannya.

In 2017, Naftogaz of Ukraine increased its net profit by 48% (+12.8 billion UAH) — up to UAH 39.3 billion compared with the year 2016. The company’s net income last year increased by 16% to 187,9 mln.

Share Button