The European Bank for Reconstruction and Development (EBRD) has acquired one-fifth (for EUR 120 million) of five-year eurobonds issued by Naftogaz in the amount of EUR 600 million, the bank has said. “The eurobond proceeds are issued for general corporate purposes including the financing of gas purchases. The bank’s financing will be used exclusively for … Read more
JSC Ukrtransnafta has transferred 100% of its net profit in the amount of UAH 1.463 billion for 2018 in dividends to Naftogaz Ukrainy. The press service of the company said last year the company also sent 100% of its net profit for 2017 in the amount of UAH 2.139 billion to pay dividends. As reported, … Read more
National joint-stock company Naftogaz Ukrainy in 2018 increased its share of natural gas imports to the country to 66%, which is 5 percentage points more than in 2017 (61%), according to consolidated statements of the group posted on its website last week. According to the document, Naftogaz in 2018 bought gas from 18 European suppliers … Read more
National joint-stock company Naftogaz Ukrainy in 2018 saw UAH 11.567 billion in net profit, which is 70.6% less than in 2017 (UAH 39.449 billion), according to the group’s consolidated statements published on Thursday. The group’s net income decreased by UAH 27.9 billion compared to 2017, mostly due to the effects of reflecting the Stockholm arbitration … Read more
The Verkhovna Rada of Ukraine has ratified amendments to Annex XXVII to the Association Agreement between Ukraine and the EU. Some 231 people’s deputies voted for the corresponding bill at a meeting of the parliament on June 6. “Updated Annex XXVII to the Association Agreement provides for new energy standards that will bring Ukraine closer … Read more
Solar Farm 1 LLC, part of DTEK Renewables B.V., has officially launched Ukraine’s largest Nikopol solar power station with an installed capacity of 200 MW. “Today we are opening up the largest solar power station in our country, one of the largest in Europe. Today we are talking about the largest energy investments in the … Read more
National joint-stock company Naftogaz Ukrainy has announced an auction to procure audit service as part of preparations for the issue of loan participation notes (eurobonds), the company reported on Friday. “The main tasks… is the preparation and issuance of letters of assurances for the purpose of issuing eurobonds, as well as the revision and preparation … Read more
Fitch Ratings has affirmed Ukraine-based DTEK Energy B.V.’s (DTEK) Long-Term Foreign-Currency Issuer Default Ratings (IDR) at ‘RD’ (Restricted Default). The agency has also affirmed DTEK’s U.S. dollar Eurobond senior unsecured rating at ‘C’ with a Recovery Rating of ‘RR4’ and an expected recovery of 50%. According to the document, the affirmation reflects continued negotiation on … Read more
The Antimonopoly Committee of Ukraine has closed a case opened over the signs of violation of legislation on protection of economic competition by DTEK Dniproenergo, DTEK Zakhidenergo and DTEK Skhidenergo. The decision was made at the end of 2018 by the committee. As reported, the committee in 2015 started an investigation into monopoly of DTEK … Read more
Fitch Ratings has assigned Kondor Finance plc’s proposed loan participation notes (LPNs) an expected senior unsecured ‘B-(EXP)’ rating and Recovery Rating (RR) of ‘RR4.’ According to a press release of Fitch published on November 2, the LPNs will be issued by Kondor Finance (the U.K.) on a limited recourse basis for the sole purpose of … Read more