OREANDA-NEWS. DTEK’s Chief Financial Officer, Vsevolod Starukhin, won the ‘Capital Raising’ nomination, according to Investgazeta.

Investgazeta awarded the winners of the Ukrainian financial directors’ rating. The rating identified top 50 financial directors of the local companies and five of them won special nominations: capital raising, financial strategist, anti-crisis leader, innovation leader and change management leader. The nominees were assessed by the leading international consulting and investment companies: Concorde Capital, Horizon Capital, Ernst&Young and KPMG. DTEK’s Chief Financial Officer was the best in capital raising.

 Vsevolod Starukhin has been working in DTEK for 3 years. He successfully closed the deal initiated by his predecessor in 2010, resulting in DTEK’s first Eurobonds issue to the amount of USD 500 million. DTEK succeeded in attracting 150 investors and Euroweek magazine recognized the deal as one of the best placements in Central and Eastern Europe. In 2010-2012, DTEK raised over USD 2.5 billion, and the average interest rate of the Group’s loan portfolio went down to 8% as of the end of 2012.

 ‘We are building up the system of DTEK’s finance management in line with the world’s best practices. Transparency of DTEK’s business, stability of its business processes and predictability of the results helped the company secure the trust of the prominent international financial institutions. This is evidenced by two major deals concluded in 2012 to raise the external borrowing, to the total amount of EUR 520 million. These funds were allocated for the upgrade of production enterprises and implementation of the new project – Botievo Wind Farm. DTEK’s production enterprises require a fundamental modernization. The company’s responsibility is to provide this process with a sufficient investment. Certainly, DTEK’s goal is to establish a long-term cooperation with the banking institutions and to extend the range of financial tools enabling further implementation of the Company’s key projects,’ said Vsevolod Starukhin.