OREANDA-NEWS. May 8, 2009. DTEK, the Ukrainian fuel and energy sector leader, has made payment on the first part of its USD 150 million international syndicated loan. The Company has remitted USD 21.8 million, within the time period specified in contract, to call in the principal and pay annual interest at the rate of Libor + 3% (5.184%).

Barclays Capital PLC and Standard Bank Plc were the syndicate arrangers for DTEK’s first syndicated loan, which was taken out in 2008 for a term of 2 years, with a possible extension of 1 year. Since then, the Company’s international credit portfolio has been supplemented by a EURO 50 million stand-by credit facility and a wide range of target credits aimed at realizing the Company’s investment programme. Previously, the USD 100 million credit taken out from Deutsche Bank in 2007 was also paid off in due time (by the end of October 2008).

Yuriy Ryzhenkov, DTEK’s CFO, commented:

“The full and punctual discharge of DTEK’s debt commitments to international and national financial institutions combined with our steady market position and deliberate financial policy allow us to maintain the confidence of our partners, implement DTEK’s strategic goals and continue to effectively develop the company even amid the economic crisis.”