The Cabinet of Ministers asked the NBU to allow Akhmetov’s companies to transfer currency abroad. DTEK needs to pay the coupon to Eurobond holders and pay off other debts. Liga.net writes about this with a link to the Government portal.
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For example, DTEK Energy At the end of 2023, DTEK Energy has $1.14 billion in debt on Eurobonds. Under the terms of the 2021 restructuring, the group must pay a coupon in the amount of $26 million quarterly, and repay $10 million every six months.
DTEK Energy BV does not have its own operating income and last summer informed the Cabinet of Ministers that it would not be able to fulfill obligations under Eurobonds without dividends from Ukraine.
“In the event of non-payment of the quarterly coupon income, creditors will demand repayment of the entire existing debt in the amount of $1.14 billion, which could lead to the default of the DTEK Energy group,” the petition says .
Currently DTEK Energy needs $52.2 million to pay the coupon for the fourth quarter of 2023 and the first quarter of 2024, as well as $10 million for repayment.
The Cabinet of Ministers believes that the NBU should allow the transfer of dividends abroad, taking into account the importance of the company under martial law.