Ukraine's DTEK Renewables prices EUR-325m green bond offering

08/11/2019 09:49 Renewable


The renewables arm of Ukrainian energy group DTEK has successfully priced a debut EUR-325-million (USD 360.5m) green bond offering on Tuesday, November 5.

DTEK Renewables BV said in a statement it plans to use the proceeds from the bond offering to finance or refinance existing wind and solar projects, as well as to support the development of new green schemes. It noted that, on closing, this will be the first green bond issuance by a Ukrainian company.

The offering, conducted by DTEK Renewables Finance BV, involves 8.50% senior notes with a term of five years. The financial instruments are guaranteed by the parent company and two other units, Solar Farm-3 LLC and Orlovka WEP LLC. The notes are expected to be listed on the Global Exchange Market of Euronext Dublin on or about November 12, 2019.

Joint bookrunners are Raiffeisen Bank International and Renaissance Capital, while UkrGasBank serves as co-lead manager.


US Shale Output to Overtake Oil and Gas Production From Russia by 2025 - IEA

13/11/2019 09:02:00

The total US shale output will overtake production of oil and gas in Russia by 2025, according to the Stated Policies Scenario outlined in World Energy Outlook report released by the International Energy Agency (IEA) on Wednesday.


Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.


Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.