DTEK Energy, Ukraine’s largest private electricity and coal producer, seeks to restructure bank debt and its 2024 Eurobond.

DTEK Energy, Ukraine’s largest private electricity and coal producer, seeks to restructure bank debt and its 2024 Eurobond. Bank debt payments are due tomorrow. A bond coupon is due Wednesday. DTEK Energy CEO Dmitry Sakharuk told Interfax-Ukraine: “Restructuring is not a default, it is a forced change in the order and timing of payments to creditors.” In the first half of 2019 report, DTEK Energy reported company debt of almost $2 billion – $1.2 billion in Eurobonds, and $711 million in bank debt.