01.11.2010, 19:02
DTEK Paid Interest on Eurobond
OREANDA-NEWS. November 01, 2010. DTEK, Ukraine’s leading private sector fuel and energy company announced that today it has paid semi-annual interest on its five-year USD 500 million Eurobond issue in the total amount of USD 23.986.750,00.
The placement, which was the largest non-sovereign debut issue from Ukraine and the first corporate issue since 2007, pays a fixed coupon of 9.50% per annum on semi-annual basis.
The Eurobond was a USD benchmark offering directed to qualified investors under Regulation S and Rule 144A of the U.S. Securities Act of 1933.
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five preparation plants. According to 1H 2010 operational results, the Company’s share in the Ukrainian coal mining industry was 26.3%.
The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.55%. According to 1H 2010 operational results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 26.9% and 21.9% respectively.
Service-Invest and Energougol ENE represent the electricity distribution business of DTEK. Their share of electricity purchase in SE Energorynok in 1H 2010 made 8.0%.
The placement, which was the largest non-sovereign debut issue from Ukraine and the first corporate issue since 2007, pays a fixed coupon of 9.50% per annum on semi-annual basis.
The Eurobond was a USD benchmark offering directed to qualified investors under Regulation S and Rule 144A of the U.S. Securities Act of 1933.
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five preparation plants. According to 1H 2010 operational results, the Company’s share in the Ukrainian coal mining industry was 26.3%.
The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.55%. According to 1H 2010 operational results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 26.9% and 21.9% respectively.
Service-Invest and Energougol ENE represent the electricity distribution business of DTEK. Their share of electricity purchase in SE Energorynok in 1H 2010 made 8.0%.
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