By KYIV. Nov 22 (Interfax-Ukraine) – Ornex Limited (Cyprus) has announced a tender for the redemption of DTEK Renewables’ EUR 325 million eurobonds issued at 8.5% due in 2024, for a total amount of up to EUR 20 million.
As stated in a report on the Irish Stock Exchange on Tuesday, the maximum buyback price is 30% of the face value, applications are accepted until December 1, the announcement of the results is scheduled for December 5, and settlements for December 8.
According to the Frankfurt Stock Exchange, DTEK Renewables’ eurobonds quotes fell by 47.64% on Tuesday, to 18.85% of the face value.
Ornex Limited, part of SCM Group, DTEK’s parent company, acquired several state-owned stakes in power generation and power supply companies owned by DTEK on the exchange in 2017. In the tender offer, the email address of IR DTEK is indicated as the coordinates for communication with Ornex Limited.
