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Ukraine's DTEK reaches agreement with bondholders on debt restructuring

KYIV, Feb 8 (Reuters) - Ukraine’s largest private power producer DTEK said on Monday it has struck an agreement with bondholders and bank lenders to restructure its debt.

DTEK last year suspended interest payments on its eurobonds and bank loans and said it would ask creditors to restructure some of its debt due to the economic crisis caused by the coronavirus pandemic.

“Once implemented, it is expected that the Restructuring will provide the group with a sustainable debt service profile and allow it to operate its business on a stable basis going forward,” it said in a statement on Monday. (Writing by Matthias Williams; Editing by Sam Holmes)

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