Latest news with #NPCUkrenergo
Bloomberg
a day ago
- Business
- Bloomberg
Citigroup Wants a Piece of the Ukraine Reconstruction Pie
Citigroup is said to be working on a bid to assemble a deal that would help Ukraine fund its reconstruction after Russia's war ends. The potential transaction would allow Ukraine's state-owned grid operator NPC Ukrenergo to refinance a chunk of its debt on more attractive terms. The savings could be used to help rebuild Ukraine's power grid, which has been a major target of Russian attacks during its 11-year war. Citi is said to have started working on the proposal soon after US President Donald Trump was elected in November. Before boarding Air Force One on his way to a summit with Russian President Vladimir Putin on Friday, Trump mused that he may provide security guarantees to Ukraine 'along with Europe and other countries, not in the form of NATO.'
Bloomberg
a day ago
- Business
- Bloomberg
Citi Pitches First-of-Its-Kind Debt for Ukraine Reconstruction
Citigroup Inc. has been working on a long-shot bid to put together a deal that it says would help Ukraine fund its reconstruction — part of a push by the Wall Street giant to secure its place in one of the biggest financing opportunities of the coming years. The bank has been sounding out investors on a potential transaction since late last year, according to people familiar with the matter. The deal would allow the state-owned grid operator NPC Ukrenergo to refinance a chunk of its debt on more attractive terms, some of the people said. The savings could be used to help rebuild Ukraine's power grid, which has been a target of Russia's attacks.
