Naftogaz offers to exchange Eurobonds for new bonds maturing in 2014

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Naftogaz offers to exchange Eurobonds for new bonds maturing in 2014

KYIV. Sept 24 (Interfax) - Ukrainian national oil and gas company Naftogaz Ukrainy has offered to exchange $500-million in Eurobonds maturing on September 30, 2009 for new bonds guaranteed by the state and maturing in 2014, the company said in a notice to investors.

The new bonds would have a coupon rate of 9.5% annually compared with 8.125% on the existing issue.

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