Page 59 - UKRRptNov19

8.5.1 Fixed income - bond news
Green bonds would be launched in Ukraine, according to a bill
introduced in October in the Rada, reports State Agency for Energy Efficiency and Energy Savings. Experts say such bonds could draw up to $73bn in investments in the 2020s for environmentally friendly projects in Ukraine. GIZ, Germany’s development agency, worked with the Energy Efficiency Agency last summer to draw up market rules for green bonds in Ukraine.
Interpipe to issue $309mn of new notes within restructuring Ukraine’s largest pipe producer Interpipe (INPIP) announced on October 3 that the agreement relating to the proposed restructuring of its outstanding $200mn notes was fully executed by all parties as of September 27. Interpipe will issue a total of $309.19mn of new Eurobonds and 3,086 units of performance securities in order to restructure its entire debt (the total principal of $1.17bn as disclosed earlier), the company’s release said. Full implementation of Interpipe’s debt restructuring remains ongoing. Interpipe to finish debt restructuring on October 25. Ukraine’s largest pipe and railway wheel producer Interpipe (INPIP) announced on October 18 that it expects to finish the restructuring of its debt on October 25
Interpipe, the international vertically integrated pipe and wheel company, has completed a restructuring with partial cancellation of its debt, including $200mn Eurobonds with a 10.25% coupon. The debt was partially reduced by a new issue of five year Eurobonds of $309mn at 10.25%. Interpipe is one of the world’s 10 largest manufacturers of seamless pipes and is the world’s third-largest producer of seamless-rolled railway wheels.
Ukraine's leading coal and power holding DTEK, controlled by oligarch
59 UKRAINE Country Report November 2019 www.intellinews.com