Metinvest plans to finish restructuring debt on eurobonds and pre-export financing (PXF) and issue just over $1.971 billion in new bonds on March 22, the Ukrainian mining and metallurgical holding said in a statement filed with the Irish Stock Exchange.

The holding will also complete the formalities for a new PXF facility worth $1.109 billion.

The company reached agreement with the committee of creditors in May 2016 regarding $89.891 million in notes maturing in 2016, $304.474 million in 2017 and $796.907 million in 2018, all including interest capitalized as of the beginning of September 2016; and $1.07 billion in PFX. In December it proposed converting all notes into one Eurobond issue maturing on December 31, 2021 and all four PXF facilities into one. Debt on these instruments was $2.29 billion on November 30.

Metinvest said on February 8 that the High Court of Justice of England and Wales had approved the restructuring.