DTEK to place USD 500 mln Eurobond at 9.5%

DTEK announced yesterday that it priced a five-year USD 500 mln Eurobond issue, with a fixed coupon of 9.5% paid s.a. Fitch Ratings has assigned the prospective issue an expected foreign currency senior unsecured rating of ‘B-‘, while Moody’s assigned a provisional (P)B2 rating to the notes. DTEK finance is a financial vehicle of DTEK Holdings, which controls the coal mining and energy assets of System Capital Management, Ukraine’s largest company.