KIEV, Nov. 5 - Naftogaz Ukrayiny, the national energy company, on Thursday successfully completed the transaction of swapping $1.6 billion in foreign debts into a new five-year Eurobond maturing in 2014.
The move, backed by the Ukrainian government, eases financial pressure on Naftogaz, which has been facing a financial crunch and difficulties in paying for Russian gas imports.
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