DTEK Energy

Year 2027
Issue Volume ($m) 1,698
Coupon Rate (% p.a.) 7.00%
Coupon Frequency Q
Maturity date 12/31/2027
Ratings: Moody`s/S&P/Fitch C/-/-
Market Price* ($) 29.00
Market YTM* 40.80%
Spread over UST* -
Note: *Based on bid price.
Year 2020 2021E 2022E
Net Sales ($m) 865 *** ***
EBITDA ($m) 273 *** ***
Net Income ($m) (708) *** ***
EBIT Coverage Ratio (x) (17.47) *** ***
Net Debt/Equity (%) (334.4%) *** ***

Latest news about DTEK Energy

Dec 23, 2022
| Electricity Generation

DTEK Energy — Fitch downgrades to Restricted Default, upgrades to CC on Eurobond tender offer results

Fitch Ratings downgraded its long-term foreign currency rating on DTEK Energy to Restricted Default from C following the issuer’s tender offer, which the agency viewed as a distressed debt exchange, and upgraded the rating to CC in reflection of DTEK’s post-restructuring profile.
Dec 15, 2022
| Electricity Generation

DTEK Energy — Announces tender offer results

DTEK Energy announced the results of its tender offer, reporting $80.0m of 2027 Eurobond principal validly tendered and $19.8m in purchase price payments to be made (vs. $50m maximum amount). The highest accepted purchase price was 27% of the par value. Settlement is expected on or around Dec. 16, 2022.
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