national joint stock company (NAK) Naftogaz Ukraine for the calculations for natural gas from Russia's Gazprom for July and August carried out a partial sale of bonds of internal state loan (Government Bonds) made to the share capital of NAC government Oschadbank with the obligation to return repurchase (repo-transactions).

According to the records of Naftogaz Ukraine and the government promulgated together with a proposal to restructure the Eurobond Naftogaz to $ 500 million, the first such transaction was completed on August 5 in the amount of $ 600 million, and the term of redemption begins on November 3 this year.

The second transaction took place Sept. 3 in the amount of 350 million UAH, and the term of redemption for her - 30 September this year.

The press service of Naftohaz Interfax-Ukraine has not yet been able to comment on whether the gas monopoly, has fulfilled its obligations under this transaction.

The disclosed materials also indicated that NAC was able to restructure its obligations Ukrainian banks amounting to 12.6 billion UAH, shifting their maturity from 2009 to 2010. According to the agreements reached, companies will need to pay 3.45 billion UAH in the first quarter of next year, 6.86 billion UAH - in the second and 2 billion UAH - in the third.

Naftogaz also reports that in September-December, he hopes to receive from the budget of 3.6 billion UAH to offset losses from the sale of gas Teplokommunenergo. NAC adds that the government also allow repayment by installments of its tax payments in 2009 amounting to 6.7 billion UAH for 60 months.

At the same time, the document notes that the weight of Naftogaz and its subsidiaries in providing state budget revenues in 2009 increased considerably: whereas in 2006 the NAC has provided 10.9% of all revenue generation, 2007 - 8,1% 2008 - 10,2%, over the seven months of this year the figure reached 16.9%.

As reported, according to the Government's decision on 8 July this year, August 4, the statutory fund Naftogaz has been increased by 18.6 billion UAH from making any Government Bonds for this amount to be deposited to the account in Oschadbank.