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Financial Times reports investor dismay over Naftogaz restructure
Journal Staff Report

KIEV, Aug. 6 – The Ukrainian Finance Ministry's statement on the need to restructure a $500 million international bond of the state gas company Naftogaz, which is due to mature in late September, has caused dismay among some investors, the British business newspaper the Financial Times has reported.

Naftogaz bonds are held widely outside Ukraine and are sometimes seen as a proxy for sovereign debt, the newspaper said.




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