Ukraine: Naftogaz repays bonds, but economy sinks further
Yesterday, Ukrainian state gas company Naftogaz repaid its Eurobond of $1.595 billion in principal, with a total accumulated coupon (or interest) of $75.76 million. It had been a source of concern to bondholders that Naftogaz would be forced to default with Ukraine facing its current political situation – an ongoing civil war and fraught relations…