Ukraine's DTEK aims USD3b debt deal by October
(MENAFN) Ukraine's biggest private power producer DTEK hopes to hammer out a deal with banks by October to delay payment of most of its USD3 billion in debt, Gulf Times reported.
About a third of DTEK's debt is public in the form of Eurobonds, but the vast majority is owed to banks including Dutch ING, Italy's UniCredit and Austria's Erste Bank and Raiffeisen Bank.
"We have started formal discussions with all these banks about restructuring of our debt for a longer-term period," CEO said, adding that the average maturity of DTEK's debt is three years.
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