Ukraine's energy giant Naftogaz to enter eurobond market in 2018
Xinhua,March 22, 2018 Adjust font size:
KIEV, March 21 (Xinhua) -- Ukraine's state-run energy company Naftogaz plans to enter the Eurobond market this year to attract new investment, the company's press service said Wednesday
The company is working with banks over the matter. "We are optimistic about this," Andriy Kobolev, Naftogaz chairman said in a statement posted on the company's Facebook.
He did not specify the exact sum which Naftogaz plans to raise at the international markets, but noted that the company will need a total of 2 billion U.S. dollars in investment this year.
In January-September of 2017, Naftogaz increased its net profit by 15 percent to 1.03 billion dollars, mainly due to increased revenues from gas transit and extraction.
The full-year figures for 2017 have yet to be unveiled.
Naftogaz, Ukraine's largest state company, has turned a profit in 2016 for the first time in six years.
The company ended 2016 with a profit of 807 million dollars compared with a 1.4 billion-dollar loss a year before. Enditem