August 06, 2014 15:23
Metinvest working to reschedule Eurobond-2015 repayment to 2018
KYIV. Aug 6 (Interfax) - Ukrainian steel and mining company Metinvest is in talks with the holders of $500 million in Eurobonds maturing in 2015 to move repayment back to 2018, CEO Yuriy Ryzhenkov said at a press conference in Kyiv on Wednesday.
"Today we see that we can retire the Eurobonds out of the company's own cash flows next May. We are also exploring the possibility of going to capital markets: everything depends on what the situation is. Restructuring is an extreme outcome. It is not being examined right now. Either refinancing or repayment of our liabilities is being examined," he said.
Metinvest currently has Eurobond issues maturing in May 2015 and February 2018 in circulation. The first, totaling $500 million with a coupon rate of 10.25%, was issued in 2010. The second, totaling $750 million and paying 8.75%, was issued in 2011.
(Our editorial staff can be reached at firstname.lastname@example.org)
February 13, 2016
STOLTENBERG SAYS HE HAS AGREED WITH LAVROV TO ADDRESS ORGANIZATION OF NATO-RUSSIA COUNCIL MEETING
Short-term political considerations damage Russian-European economic relations - Medvedev
Russia cannot unilaterally lift countersanctions despite Europe's requests - Medvedev
Medvedev reaffirms Germany's crucial role as Russia's trade partner
NORD STREAM II PROJECT TO BE IMPLEMENTED STRICTLY IN LINE WITH SCHEDULE BY END OF 2019, ALTHOUGH TENDER DATES BEING DRAGGED OUT - GAZPROM CEO MILLER
GAZPROM SEES NO REASONS FOR NORD STREAM II PROJECT'S DISCRIMINATORY TREATMENT - MILLER
NORMANDY QUARTET FOREIGN MINISTERS AGREE TO WORK ON MODALITIES OF ELECTIONS IN DONBAS - UKRAINIAN FOREIGN MINISTER KLIMKIN
NORMANDY QUARTET FOREIGN MINISTERS TO MEET NEXT TIME IN PARIS IN EARLY MARCH - UKRAINIAN FOREIGN MINISTER KLIMKIN
MEDVEDEV: RUSSIA'S ECONOMY IN QUITE DIFFICULT SITUATION, DROP IN ENERGY PRICES HAS CONSIDERABLE BUT NOT CRITICAL EFFECT, STRENGTH LIMIT NOT REACHED
MEDVEDEV: NO ALTERNATIVE TO COOPERATION WITH GERMANY; I HOPE DIALOGUE WITH BUSINESS TO BE CONTINUED ON INTL FORUMS
MEDVEDEV: THE LONGER SANCTIONS ARE APPLIED, THE FEWER CHANCES EUROPEAN BUSINESS HAS TO RETAIN POSITIONS ON RUSSIAN MARKET
MEDVEDEV: WE HOPE DECISION ON NORD STREAM 2 TO BE MADE
MEDVEDEV: UNFORTUNATELY, SOME COUNTRIES TRYING TO OVER-POLITICIZE NORD STREAM II PROJECT, BUT SOME DISPLAY INTEREST IN ITS 2ND PHASE
MEDVEDEV: EU PARTNERS HAVE REPEATEDLY URGED RUSSIA TO LIFT RESTRICTIONS FROM SECTORS, INDIVIDUAL COUNTRIES; WE CANNOT DO THIS, OR OTHERWISE THIS WOULD MANIFEST SELECTIVE APPROACH