DTEK announces Eurobond plans

DTEK, formerly the Donbas Fuel & Energy Company and the energy asset holding of Ukraine’s largest company System Capital Management, announced yesterday that it plans to make a USD-denominated Eurobond issue. DTEK mandated ING Bank, the Royal Bank of Scotland and Erste Group Bank for the transaction. DTEK said the bond offering will be subject to market conditions and is expected to be a USD benchmark directed to qualified investors pursuant to Regulation S and Rule 144A of the U.S. Securities Act of 1933.