Metinvest, the largest Ukrainian mining and metal group, is holding negotiations on the possibility of postponing the fulfillment of its liabilities which expire up until January 2016 with its creditors, Metinvest Holding CEO Yuriy Ryzhenkov has said.

"We ask our creditors to give us a chance of postponing the fulfillment of our liabilities for the whole debt of $3 billion, comprehend the situation at the company and give respite to us until January 31, 2016," he told reporters in Mariupol on Monday.

He said that this concern the entire debt of the group.

While commenting on talks with 2015 note holders who do not support debt restructuring, Ryzhenkov said that there is no clarity regarding a meeting of note holders on June 1, 2015.

He said that in late 2014, Metinvest proposed restructuring the notes, and 80% of note holders supported the proposal. The negotiations are being held with 20% of the holders. Ryzhenkov said there are honest holders among them who bought the securities during their placement.

"The rest of them bought the securities with a discount and now they want to receive the whole sum," he said.

He said that this troubled sum includes less than 5% of the total debt of the group and 10% of the debt on 2015 notes.

When asked about the debt owed to Sberbank of Russia, Ryzhenkov said that the group did not take a direct loan from the bank, although Sberbank is the holder of 2017 and 2018 notes issued by Metinvest.