No sign of Naftogaz $1.6 bln bond payment yet says holder

Среда, 1 октября 2014 12:31 MSD

LONDON Oct 1 (Reuters) - A holder of Ukraine's Naftogaz $1.6 bln bond said on Wednesday they had not yet received payment on the sovereign-guaranteed issue which matured on Sept. 30.

Analysts say the prospectus for the bond says Naftogaz has a 10-day grace period to pay holders. After that the sovereign guarantee kicks and there is then an additional grace period of around 25 days. (Reporting by Sujata Rao, writing by Marc Jones)