OREANDA-NEWS. July 21, 2008. Donbass Fuel-Energy Company is completing the issue of internal bonds for the amount of UAH500 million. The bonds are to be placed at PFTS until the end of the month. The securities are issued for 3 years with payment to be made according to coupons with the rate of 10,5%, reported the press-centre of SCM.

DTEK plans to use the received funds to replace security loans at the Ukrainian market and for other corporate needs.

International Rating Agency Fitch Ratings has assigned AA-(ukr) rating to these securities. This is the first issue of a Ukrainian energy-generating company with international issuer and issue ratings as well as the first hryvna issue of SCM Group, which includes DTEK.

"This placement will allow us to diversify our credit portfolio, reduce currency risks of the Company and minimize the consequences of the western capital market volatility. It's also important for us that the issue will help engage national investors and will become the next stage in creation of successful credit history of the Company", said DTEK’s CFO Yuriy Ryzhenkov.