29.10.2008, 18:48
DTEK Repaid Its First International USD 100 Mln Loan
OREANDA-NEWS. October 29, 2008. DTEK, the leader of the fuel and energy industry in Ukraine, today has announced, that it repaid its first international loan in the total cash consideration of USD 100 mln.
The funding was provided by Deutsche Bank in October 2007 with 1 year loan period. The loan was repaid in full and according to loan conditions. The funding was attracted to finance DTEK’s modernization program of its coal mining and energy generation assets.
Yuriy Ryzhenkov, CFO of DTEK, commented: "Successful completion of this project is another confirmation of DTEK’s solvency and stability, which the company demonstrates even in the present market conditions. DTEK has got one more certificate of conformance with world best practice of doing business".
The funding was provided by Deutsche Bank in October 2007 with 1 year loan period. The loan was repaid in full and according to loan conditions. The funding was attracted to finance DTEK’s modernization program of its coal mining and energy generation assets.
Yuriy Ryzhenkov, CFO of DTEK, commented: "Successful completion of this project is another confirmation of DTEK’s solvency and stability, which the company demonstrates even in the present market conditions. DTEK has got one more certificate of conformance with world best practice of doing business".
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