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DTEK completes $2-bln Eurobond restructuring amid pandemic-caused downturn
Journal Staff Report

KYIV, May 18 – DTEK Energy has completed the process of restructuring its loan portfolio, which provides for the conversion of the current issue of Eurobonds and the principal amount of bank debt in the amount of over $2 billion into new Eurobonds, the company reported.

"DTEK Energy, despite the loss of assets in Donbas, the systemic crisis in the Ukrainian electricity market and the economic downturn caused by the COVID-19 coronavirus pandemic, has successfully completed the process of restructuring Eurobonds and the main bank debt for a total of more than $2 billion," Director General of DTEK Maksym Tymchenko is quoted as saying in the press release.




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