Donbasenergo plans to take USD 200 mln loan

The Ministry of Economy yesterday on its website announced the tender for banks to provide Donbasenergo (DOEN) with a one-year USD 200 mln loan. The Ministry will accept bids until September 4, 2009.  Yegor Samusenko: Most likely, the loan will be used just to refinance Donbasenergo’s current short-term loans (UAH 255 mln as of June 30) or its current portion of long-term loans (UAH 144 mln as of June 30). We don’t expect this news to influence the stock.