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10
November
2021

New issues of green bonds by DTEK Renewables could be – DTEK CEO

KYIV. Nov 10 (Interfax-Ukraine) – The issue of green eurobonds by DTEK Renewables will continue to be used as a tool to attract investments for the development of renewable energy projects, CEO of DTEK Maksym Timchenko has said.

"If we are talking about green generation, then, as you know, this is a project financing, and we need to be active participants in the capital market. I think the green eurobonds, the debut issue of which we made, is the instrument that we will use in the future," he said at a press conference in Kyiv on Tuesday.

"We will be active in the capital market in terms of green generation," the head of the company said.

At the same time, Timchenko said that he welcomes NPC Ukrenergo with its issue of state-guaranteed green bonds. "This is a successful issue for a state-owned company, and it makes Ukraine more and more famous in the capital market," he said, explaining his position.

As reported, DTEK Renewables Finance B.V. on November 5, 2019 priced the debut issue of five-year green eurobonds in the amount of EUR 325 million with an 8.5% coupon.

NPC Ukrenergo on November 3 this year announced the successful placement of five-year eurobonds in the amount of $825 million with a yield of 6.875%. At the expense of the attracted funds, the repayment of the debt to renewable energy generation for 2020-2021 is planned.