DTEK Could Go Back to Eurobond Market in Late Summer
OREANDA-NEWS. July 06, 2010. DTEK, the energy holding of
Concorde Capital. if the Ukrainian government proceeds with privatization in the utility sector, including assets such as Dniproenergo and Zakhidenergo, then the company would seek to raise more debt in August or September, Timchenko said. DTEK placed USD 500 mln Eurobonds in April with a 9.5% coupon. Mykyta Mykhaylychenko: We expect Metinvest, the metallurgy arm of SCM, to also tap the Eurobond market for a second time this year, after attracting USD 500 mln in May. Ukrainian issuers are now trying to exploit somewhat calmed market conditions as well as the favorable background from the new IMF stand-by agreement: the government is starting a roadshow to place USD 1-2 bln in sovereign Eurobonds; LSE-listed Ferrexpo plans to place up to USD 500 mln in Eurobonds.