Metinvest appoints Kamet Steel and Zaporizhia Coke Plant as additional guarantors of issued Eurobonds
Metinvest B.V. (Netherlands), the parent company of the mining and metallurgical group Metinvest, has introduced additional guarantors for the issued bonds – the Kamet Steel plant and the Zaporizhia Coke and Chemical Plant.
According to a stock exchange announcement posted on Wednesday, Metinvest B.V. announced the appointment of additional guarantors – PJSC Kamet Steel, created at the facilities of the Dniprovsky Metallurgical Plant (Kamyanske, Dnipropetrovsk region), and PJSC Zaporizhia Coke and Chemical Plant as additional guarantors, in each case in relation to each series of bonds and in accordance with the requirements set out in the relevant terms of the bonds.
"Each new guarantor entered into surety agreements for each series of bonds on April 29, 2026, pursuant to which they, jointly and severally with the other guarantors, guarantee the moneys payable by the issuer under the trust deed, the bonds and the agency agreement, in accordance with the terms," the message reads.
It is also specified that, following the entry into force of the appointment of the new guarantors, the aggregate EBITDA and PSE of the guarantors, taken into account as a whole, constitute 76% of Metinvest’s adjusted EBITDA and 84% of the group’s total production assets, respectively, as determined by reference to Metinvest’s consolidated financial statements for 2025.
As reported, Metinvest repaid its $428 million 2026 Eurobonds on time and in full, with an 8.5% annual interest rate, which matured on April 23, 2026.
