DTEK attracts USD 150 mln loan from ING Bank Ukraine

DTEK signed an agreement with ING Bank Ukraine on a three-year USD 150 mln multicurrency credit line, the holding announced in a press release yesterday. DTEK plans to direct loan proceeds toward business development. DTEK, part of the System Capital Management business group, is a vertically integrated fuel and energy company operating in Ukraine; it has USD 500 mln in outstanding Eurobonds maturing in April 2015. It is engaged in three main businesses: coal mining, power generation and electricity distribution. It has stakes in listed assets including Dniproenergo (UX: DNEN UK), Krymenergo (UX: KREN UK), PES-Energougol (UX: ENUG UK), and Zakhidenergo (UX: ZAEN UK).