27 May 2004 04:46
Yukos currently meeting all obligations to creditors
MOSCOW. May 27 (Interfax) - Russian oil company Yukos is currently meeting all its obligations to creditors, company
financial consultant Frank Riger said at a Thursday press conference in Moscow.
He said that the company does not know anything about the main creditors being involved in day-to-day company
activity.
Yukos earlier received a notice related to a $1.6 billion pre- export
facility secured term loan that it was considered by the lender that a
In response to a question about in what group of creditors the state would fall in the event of bankruptcy, Dmitry
Gololobov, deputy director of the Yukos legal department, said "based on previous practice the state falls into the
group in which it needs to fall."
Speaking about the possible sale of assets, Yukos Deputy CEO Yury Beilin said that at the moment this is
hypothetical. "The possibility of selling Sibneft is the same as for any other company asset," he said.
potential event of default had occurred. "The creditor permitted Yukos and associated companies to carry out
export operations connected with the provision of the credit without any restrictions. At the same time the creditor, if
it decides, may avail of its right concerning bank accounts, the turnover of funds in which are held in its favor as
security for the credit," Yukos said in a statement. [RU EUROPE ASIA EEU EMRG ENR CRU OIL LOA BNK CORA] rd
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[Interfax] |
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