The Verkhovna Rada has provided state guarantees to the Naftohaz Ukraine national joint-stock company on foreign loans worth UAH 2,005.7 million for 2009, this is disclosed international he law "On the state budget for 2009," published by the Uriadovyi Kurier governmental publication of December 30.
 | |
The 2008 state budget envisioned UAH 12 billion of state guarantees for Naftohaz Ukraine. As Ukrainian News earlier reported, in 2007 and 2008, Naftohaz Ukraine failed to timely provide the consolidated audited reports in compliance with the international standards for 2006 and 2007 respectively. The report for 2006 was published only in May 2008. The report for 2007 has not been yet published, but in November, the holders of the Naftohaz Ukraine’s eurobonds provided the grace period for the company until 2009. The eurobonds were issued in 2004. The issue equaled USD 500 million, the redemption will take place on September 30, 2009. |
