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IC - Ukraine’s Naftogaz signs $1B deal with Chinese insurer - May 2019
China’s state-owned credit firm Sinosure signed a deal in April to provide Ukraine’s state energy company Naftogaz with $1 billion in insurance coverage, which would enable the company to raise debt financing. In the first step under the new policy, Naftogaz will borrow about $160 million to fund current contracts with Chinese companies, with an additional $800 million waiting for the company for future projects. “This insurance coverage from Sinosure does not require a sovereign guarantee, which means that Naftogaz will not rely on Ukraine’s state budget in......
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