DTEK Renewables

DTEK Renewables is an operating company, which manages DTEK’s assets in the field of renewable power generation. Today, DTEK Renewables is the largest producer of electricity generated from renewables in Ukraine.

Year 2024
Issue Volume ($m) 325
Coupon Rate (% p.a.) 8.50%
Coupon Frequency S/A
Maturity date 11/12/2024
Ratings: Moody`s/S&P/Fitch C/-/CCC *-
Market Price* ($) 41.00
Market YTM* 67.70%
Spread over UST* -
Note: *Based on bid price.
Year 2020 2021E 2022E
Net Sales ($m) 302 *** ***
EBITDA ($m) 265 *** ***
Net Income ($m) 12 *** ***
EBIT Coverage Ratio (x) 3.05 *** ***
Net Debt/Equity (%) 158.0% *** ***

Latest news about DTEK Renewables

Jun 15, 2022
| Electricity Generation

Corporates: S&PGR Downgrades DTEK Renewables to CCC-

S&P Global Ratings downgraded DTEK Renewables to CCC- from CCC, on negative watch. The agency noted that the company’s operating environment remained challenging and its remaining liquidity with low cash flows might be insufficient to service debt. It said the company was likely to restructure or default within the next 12 months.
May 10, 2022
| Electricity Generation

Corporates: DTEK Renewables

Holders of DTEK Renewables bonds approved the company’s request to use funds held in the Interest Reserve Account to pay a coupon due on May 11 without triggering an event of default. Noteholders also approved the reorganization of the group structure and replacement the Parent Guarantor’s guarantee in respect of the Notes with a new guarantee in respect of the Notes granted on the same terms by the Ultimate Parent.
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