OREANDA-NEWS. February 17, 2011. DTEK, Ukraine’s leading private sector fuel and energy company, is pleased to announce that its five-year USD500 million Eurobond issue closed in April 2010, was voted one of the top 3 Eastern European deals of the year by banks polled by EuroWeek.

ING Bank N.V. (“ING”), The Royal Bank of Scotland plc (“RBS”) and Erste Group Bank AG acted as Joint Lead Managers, with ING and RBS as Joint Bookrunners for this transaction.

 Russian Railways (RZD) and Turkey sovereign bonds offerings were other deals in the top of the rating.
 
Vsevolod Starukhin, CFO of DTEK, said “We are pleased that our Eurobond placement, which was the largest non-sovereign debut issue from Ukraine and the first corporate issue since 2007, ranked into top 3 Eastern European deals. This successful offering was a next step  in building our track record in the international capital markets.”
 
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DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and preparation, electricity generation and distribution.
 
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five coal preparation plants.
 
The power generation business of DTEK is represented by Vostokenergo and the associated Dniproenergo Company, where DTEK owns 47.55%.
 
Service-Invest, PES Energougol  and the associated Donetskoblenergo Company, where DTEK owns 30%,  represent the electricity sales and supply business of DTEK.
 
DTEK also holds a 39.98% stake in Kyivenergo, which provides a full cycle of energy supply to Ukraine’s capital, with a unified process for production, transport and supply of heat and electric energy.