DTEK will fulfill obligations on eurobonds despite threat of losing control over assets in uncontrolled area

17:38, 02.03.2017 1 min read

DTEK energy holding will be able to fulfill obligations on eurobonds, despite the threat of losing control over the assets located in the territory temporarily uncontrolled by Ukrainian authorities, DTEK reported on the website of the Irish Stock Exchange.

"As of 12:00 Kyiv time on March 2, 2017 all the assets [of DTEK], located in the temporarily uncontrolled area, are managed and controlled by the group. The group does not believe that the recent events will entail default on Eurobonds," reads a statement.

DTEK said the group reserves the right to use all available legal instruments to protect the assets at the national and international level.

As reported, SCM considers it unacceptable to re-register enterprises in the self-proclaimed Donetsk and Luhansk People's Republics and pay taxes to them.