Naftogaz of Ukraine announced about the public auction for procurement of credit rating assignment services that will contribute to placement of eurobonds of the company, the company’s press office reported.
The expected cost of procurement will not exceed UAH 3.99 mln.
The main tasks, which should be realized, include: providing the analytical overview of the company by the analytical team of tender winner, assignment of the credit rating, based on the prepared analytical overview; publication of the company’s credit rating in English on the own official website.
As it is forecast that the potential eurobond buyers may be both European and U.S. investors, the auction participant should have the status of the nationally recognized statistical rating organization (NRSRO) in accordance with Section 15E of the Securities Exchange Act of 1934.
It should be reminded that previously, Chief Commercial Officer Yuri Vitrenko stated that Naftogaz does not have financial issues, but it considers the option of placement of eurobonds, if necessary.
Later, Chairman of the Management Board Andrei Kobolev stated that Naftogaz plans to enter the Eurobond market in 2018.
Naftogaz of Ukraine NJSC 100% belongs to the state. It includes Ukrtransgas, the operator of Ukrainian GTS and underground gas storages (UGS), and Ukrgasvydobuvannya, the largest gas producing company.
In 2017, Naftogaz increased the net profit by 48% (+ UAH 12.8 bln) – up to UAH 39.3 bln compared with 2016. The company’s net revenues increased by 16% - up to UAH 187.9 mln.