Naftogaz Ukrainy plans in 2018 to enter the external debt market with an offer of eurobonds worth $1 billion, Yuriy Vitrenko, the company's chief commercial director, has said in an interview with Bloomberg.

According to him, the placement of securities is expected in the second quarter of next year, following the decision of the Stockholm arbitration on disputes between Naftogaz Ukrainy and Gazprom.

In addition, Vitrenko said Naftogaz plans to expand the credit line raised from the European Bank for Reconstruction and Development to $500 million from $300 million.

As reported, Naftogaz Ukrainy on November 5, 2009 completed the comprehensive restructuring of external debt through a formal exchange of eurobonds and other obligations for new eurobonds for a total nominal amount of $1.595 billion maturing on September 30, 2014 at 9.5% per annum.