National Bank of the Ukraine will directly transfer to Naftogaz $1.6 billion for payment for eurobonds
Edited by Rhod Mackenzie / 2014-10-01 11:51:52
Naftogaz Ukraine won’t enter the international currency market in order to purchase currency for payment of $1.6 billion for eurobonds, the chief of National Bank of the Ukraine V. Gontarev says. National Bank of the Ukraine will directly transfer to Naftogaz from its reserves.
In September, National Bank of the Ukraine sold to Naftogaz $540 million from its reserves for payment of gas purchases in Europe in order to stabilize the currency market. Total intervention of National Bank of the Ukraine to the market was $735 million in September.
