DTEK Energy will pay September bond coupon in full.
Friday, August 5, 2022

DTEK Energy will pay September bond coupon in full.

Ukraine’s largest private electricity and coal producer, DTEK Energy, plans to pay September’s $29.5M coupon on its 2027 note in cash, said the CEO of the company, Maxim Timchenko. That would mark the second quarter that the company has made a full coupon payment, stepping back from its proposal earlier this year to pay only a portion of the coupon to help shore up operations following Russia’s invasion. The firm had agreed with bondholders to change terms to allow it to pay 3.5% cash interest instead of the full 7% in upcoming quarters. However, it ultimately paid the June coupon at the full rate. The company’s plan to pay the coupon will probably be a relief to investors after several state-owned companies in Ukraine sought to delay debt payments.

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