The international rating agency Fitch Ratings has assigned the expected long-term rating of "B (EXP)" to the forthcoming issue of "green" eurobonds of PrJSC Ukrenergo, the agency said in a press release.
The assignment of the final rating will depend on the receipt of the final documents that meet the requirements of the information already received and the details of the amount, coupon rate and maturity dates, the document says.
As reported with reference to sources in banking circles, Ukrenergo is preparing to place five-year "green" eurobonds in dollars.
BNP Paribas, Deutsche Bank, Goldman Sachs and Ukreximbank were appointed organizers of the placement.
Conference calls with investors within preparation for the deal will begin on October 28.
Earlier in October, the Cabinet of Ministers of Ukraine provided Ukrenergo with state guarantees in the amount of up to UAH 22.8 billion ($ 865 million at the exchange rate at the time of the resolution) for issuing eurobonds to pay off debts for electricity produced from renewable energy sources (RES).
Advertising
Advertising
MORE ABOUT
Ukrenergo: In evening, energy supply restrictions will be applied for industrial consumers and businesses in all regions
16:25, 24.04.2024
Ukrenergo can apply schedules for limiting industrial consumers amid deficit during spring-summer repair campaign - CEO
16:58, 18.04.2024
ENTSO-E approves accession of Ukrenergo to European ITC mechanism from July 1 – CEO
19:12, 03.04.2024
Restoration of power supply in Kharkiv may take one-two weeks if no new damage caused – Ukrenergo
18:39, 26.03.2024
Ukrenergo to begin construction of three strategic power lines in 2024, interested in Ukrainian equipment manufacturers – Kudrytsky
17:42, 26.02.2024
LATEST
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head
19:05, 02.05.2024
Philip Morris to invest $11 mln in launch, commercialization of new version of tobacco heating device in Ukraine
18:24, 02.05.2024
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024