DTEK Energy to buy back eurobonds for up to $50 mln at price of up to 27% of face value

DTEK Energy to buy back eurobonds for up to $50 mln at price of up to 27% of face value

DTEK Finance plc (a subsidiary of DTEK Energy) will buy back eurobonds worth $50 mln

DTEK Energy will buy back eurobonds maturing in 2027 with a coupon rate of 7/7.5% for a total of $50 million at a price of up to 27% of the face value, the company said in a stock exchange message on Monday.

According to it, the redemption of eurobonds at such a discount will reduce the company's debt burden and direct more funds saved from servicing international debt to current activities.

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