Fitch Ratings has downgraded DTEK Renewables B.V.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'Restricted Default' (RD) from 'C', following the company's disclosure of the result of its tender offer. Fitch has simultaneously upgraded the IDRs to 'CC', reflecting DTEK Renewables' post-restructuring profile with continuing high default risk.
Ornex Limited (Cyprus), a 100% subsidiary of DTEK Renewables, has extended by two days the redemption of the parent company's eurobonds maturing in 2024 for a total amount of up to EUR20 million.
DTEK Renewables may buy back up to 20 mln euros of 2024 notes interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.