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Two state-owned issuers will offer investors similar terms to the sovereign, unlike Naftogaz -
The sovereign has so far received little push-back in its debt relief discussions with investors
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Investors are showing 'very' strong support, said a source involved in the consent solicitation
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Other state-owned Ukrainian issuers continue to pay debts, including Ukreximbank
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It makes perfect sense for Ukraine to stop paying on its bonds. Any future restructuring will require similarly sensible thinking from all creditors
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Restructuring Ukraine's nearly $23bn of Eurobonds may be easier than expected
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One investor queried whether Ukraine could afford a large back-payment of debt in two years' time
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Ukraine's plan would save $3bn in redemption payments alone
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Sanctions prevent most other Russian corporates from repaying foreign bondholders
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The destruction wrought on Ukraine means it will eventually have to talk with investors about its debts, believe bondholders
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Naftogaz non-payment could foreshadow a sovereign default
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The matter is not just one of money but also of market integrity, said one investor
