KIEV, Sept. 8 – Despite its moves to restructure, Ukrainian national oil and gas company Naftogaz has sufficient funds to redeem $500 million worth of eurobonds in late September as scheduled, according to a group formed by some of the company's bondholders.

The Naftogaz Bondholder's Action Group bases its claims on the fact that the company was able to pay some $1.3 billion for supplies of Russian gas in July-August and also has more than $1 billion in domestic government loan bonds in its possession.

Carl Philipp R. Thomas, an associate of Luxembourg-based Aequi-Libria consultancy firm and a member of the action group, told journalists on Monday that it appears Naftogaz is trying to conceal its actual liquidity so that it can follow through on the unjustified restructuring of the bond payments.