"Ukrenergo" temporarily stops making payments for green bonds

Starting from November 9, 2024, NPC "Ukrenergo" will temporarily stop making payments on debt obligations for green sustainable development bonds issued in 2021 under a state guarantee. This was reported by the operator of the transmission system.

"The corresponding suspension takes place in accordance with the Law of Ukraine "On the Peculiarities of Transactions with State, State-Guaranteed Debt and Local Debt and State Derivatives" (hereinafter referred to as the Law) and the decisions of the Cabinet of Ministers of Ukraine and the relevant authorized management body - the Ministry of Energy of Ukraine adopted to implement this Law ", the message says.

The temporary suspension of payments for Bonds in accordance with the Law is introduced for the period until the restructuring process is completed. "Ukrenergo" together with the Cabinet of Ministers of Ukraine are taking the necessary measures to reach an agreement with the owners of the Bonds in the coming months.