National joint-stock company Naftogaz Ukrainy plans to open a renewable revocable credit line of Hr 1 billion at government-controlled Ukrgasbank (Kyiv), reads a report of the holding in the Visnyk Derzhavnykh Zakupivel state procurements bulletin.
The report says that the offer was accepted on July 4, 2013.
The loan funds will be attracted in 2013-2014.
The cost of servicing of the credit line amounts to Hr 180 million (value added tax not included).
The tender was held under a procedure for procurement from one bidder.
As reported, on June 13, 2013, Naftogaz Ukrainy signed agreements to
raise credits worth Hr 2.489 million with Ukrgasbank: a loan worth Hr
1.489 billion and a renewable revocable credit line of Hr 1 billion.
Naftogaz in summer traditionally attracts loan funds to purchase natural gas in preparation for the heating season.
According to the balance sheet of natural gas income and distribution
in 2013 approved by the government, gas pumping into underground gas
storage facilities is foreseen at 8.457 billion cubic meters, including
5.502 billion cubic meters of domestic gas and 2.955 billion cubic
meters of imported gas.
Naftogaz Ukrainy unites oil and gas production assets in Ukraine, and
is the country’s gas transit, underground gas storage, and oil pipeline
transportation monopoly.
Ukrgasbank was established in 1993. At the beginning of April 2013,
its largest shareholder was the state: the Ministry of Finance owned a
92.9998 percent stake in the bank.
According to the National Bank of Ukraine, as of January 1, 2013
Ukrgasbank in terms of assets ranked 15th (Hr 20.997 billion) among the
175 banks operating in the country.
