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.