Ukrenergo pays interest on ‘green’ Eurobond on time – CEO

div classBodysc17zpet90 cdBBJodivpKYIV Reuters – Ukrainian power company Ukrenergo has paid 28.4 million on time as the first coupon on its debut fiveyear “green” Eurobond and will continue servicing its debt despite Russia‘s invasion, the company’s head said on Tuesday.p

p“One of our priorities during the war is to fulfil our international obligations,” Volodymyr Kudrytskyi, Ukrenergos chief executive officer, said in a Facebook post.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“Maintained solvency during the war is a guarantee that in the future we will receive enough investment to rebuild Ukraines energy infrastructure.” p

pThe staterun electricity grid operator placed an 825 million issue last November to raise funds to alleviate a debt crunch in the renewable energy sector. The European Bank for Reconstruction and Development EBRD bought 75 million of the debt, which was guaranteed by the government.p

pSome analysts expect Ukraine will need to ask creditors to restructure its debt payments following a sharp decline in tax revenue, but Finance Minister Serhiy Marchenko has said it is not appropriate to start such a discussion now.p

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pp Reporting by Natalia Zinets Editing by Kirsten Donovanp

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