DTEK Energy yesterday completed a 14-month restructuring of its loan portfolio, converting current Eurobonds and major bank debt, totaling more than $2 billion, into new Eurobonds;

the company said last night after London markets closed. In an announcement posted on the London Stock Exchange, DTEK said parts of the current debt on DTEK Energy Eurobonds were converted into $425 million worth of DTEK Oil and Gas Eurobonds, at a rate of 6.75% per annum and maturity until Dec. 31, 2026. Other debt was converted into new DTEK Energo Eurobonds at a rate of 7%, maturing Dec. 31, 2027.