News this week that the Ukrainian state gas company, Naftogas, is reviewing its finances appeared ominous for bondholders expecting payment on a $335m Eurobond due July 19. $12m in interest is also due on the same instrument. The bond has a 5 day grace period.
Thanks again for your insight Tim. A quick question - it appears Canada, the UK and the EU have all either decided to or are leaning heavily towards using confiscated Russian funds towards rebuilding Ukraine. Could any of these entities agree this independently and begin to issue those funds out now against these debt payments or is each country too risk averse to go it alone?
Ukraine is caught in an avalanche. It is trying to get out from under the snow. It is unknown whether it will survive if it does.
Thanks again for your insight Tim. A quick question - it appears Canada, the UK and the EU have all either decided to or are leaning heavily towards using confiscated Russian funds towards rebuilding Ukraine. Could any of these entities agree this independently and begin to issue those funds out now against these debt payments or is each country too risk averse to go it alone?
what is this garbage
what is this garbage