Government Resolution No.157 of February 17 has amended the procedure for public procurement, in particular, reduced the list of exceptions when it is allowed to enter into direct contracts without a tender, the Ministry of Economy said with reference to First Deputy Prime Minister – Economy Minister Yulia Sviridenko.
“We are gradually returning to the mandatory use of Prozorro in procurement. Thus, by this decision we have significantly reduced the list of exceptions when it is allowed to enter into direct contracts without a tender, obliged to publish more information on direct purchases”, – noted Sviridenko.
Ministry of Economy also pointed out that there are conditions for publishing a report on the execution of the contract on procurement in the electronic procurement system (EPS), clarified the information that customers may not publish in the annual procurement plans and the announcement of the bidding, if such information poses a security risk.
In addition, there is an obligation to publish the texts of contracts and all annexes thereto in the case of procurement without the use of Prozorro, but it is still possible to hide sensitive information about the supplier, the address of delivery, if such information poses a security risk, says the Ministry of Economy.
At the same time, it is provided that in the case of procurement, the value of which is less than 50 thousand UAH, without the use of an electronic procurement system, the customer shall not make public in the electronic procurement system the report on the contract of procurement, concluded without the use of an electronic system of procurement.
On February 6, Ukrhazvydobuvannya announced a tender for the purchase of compulsory civil liability insurance (CMTPL) for owners of land vehicles.
According to the message in the system of electronic public procurement Prozorro, the expected cost -70,388 thousand UAH.
Documents will be accepted until 14 February.
The municipal enterprise Odessmiskelectrotrans announced a tender for compulsory motor vehicle liability insurance on January 27, according to the Prozorro electronic public procurement system.
The expected cost of insurance services is UAH 214.5 thousand.
The deadline for submitting bids is February 4.
Lviv municipal enterprise “Lvovelectrotrans” on January 26 announced a tender for compulsory civil liability insurance of land transport owners (trolleybuses) and carrier liability insurance, according to the system of electronic public procurement Prozorro.
Also, a tender was announced for voluntary third party liability insurance for economic activities of legal or natural persons – entrepreneurs and voluntary property insurance.
The expected cost of purchasing services is 3.150 million UAH.
The deadline for submission of documents is February 3.
Ukrnafta PJSC on December 27 announced a tender for services of compulsory civil liability insurance for owners of motor vehicles (CMTPL).
As reported in the electronic public procurement system “Prozorro”, the expected cost is 2.884 million UAH.
Documents will be accepted until January 4.
Mining and Metallurgical Group Metinvest announced a tender to redeem its Eurobonds maturing April 23, 2023 for up to $70 million at a price of 70% to 80% of face value.
“The rationale behind the invitation (to tender) is to actively manage the group’s debt maturity profile to smooth debt service cash outflows and reduce liquidity shortages in the first half of 2023, given the highly volatile operating environment for the group and its subsidiaries,” Metinvest said in its information on the exchange.
The group stressed that it currently intends to continue servicing its debt, but the ongoing war in Ukraine, combined with volatile prices for Metinvest’s products, are creating unprecedented challenges for operations.
“The invitation gives the group’s investors an opportunity to reduce their exposure to Ukraine-related business in the context of the ongoing war and broader market turmoil,” Metinvest pointed out.
He specified that its Eurobonds-2023 with a total nominal value of $168.583 million are currently circulating in the market, although their initial issue size was $944.15 million.
Competitive and non-competitive bids for redemption are being accepted until the evening of December 9, and the results of the offer will be announced on December 12 with settlements on December 14.
“Metinvest” can continue the terms of the offer until the end of the day on December 23, but in this case will redeem the bonds at the price previously established during the tender minus another 3% of the face value with the final announcement of the results on December 28 and the settlement on December 29.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), which jointly manage the company.
Earlier, similar tenders to buy the Eurobonds were announced by SCM’s energy subsidiaries: DTEK RES and DTEK Energy.
In particular, Ornex Limited of SCM Group is ready to buy DTEK RES Eurobonds issued for EUR325 mln at 8.5%, maturing in 2024, for the total amount of up to EUR20 mln at 30% of the face value. Bids were accepted until December 1, with the announcement of the results scheduled for December 5 and settlements on December 8.
DTEK Energy then announced that DTEK Holdings Limited is ready to buy its Eurobonds maturing in 2027 with a coupon rate of 7/7.5% for a total of $50 mln at a price of up to 27% of par. Bids will be accepted until the evening of Dec. 8, with the announcement of the results scheduled for Dec. 9 and settlement on Dec. 15.
According to the Stuttgart Stock Exchange, at the moment Metinvest’s Eurobonds are quoted at 79.67% of face value.
