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DTEK Energy to buy back eurobonds for up to $50 mln at price of up to 27% of face value
KYIV. Nov 28 (Interfax-Ukraine) – DTEK Energy will buy back eurobonds maturing in 2027 with a coupon rate of 7/7.5% for a total of $50 million at a price of up to 27% of the face value, the company said in a stock exchange message on Monday.
According to it, the redemption of eurobonds at such a discount will reduce the company’s debt burden and direct more funds saved from servicing international debt to current activities.
