Fixed Income

June 01, 2020
 

In the corporate debt papers, quotes for the 2024 EUR-denominated Eurobonds of DTEK Renewables rebounded by 10% to 83.6/86.6 (16.8%/15.6%) after the company unveiled a net profit of UAH 2.88bn (USD 112mn) for FY19. On the flip side, DTEK Renewables is now facing a risk that Ukraine’s generously high so-called ‘green tariff’ will be reduced, hurting the company’s profitability. DTEK Renewables’ green portfolio is 1 GW of solar and wind capacities.