Metinvest plans to sign stand-still agreement with banks on Nov 30

16:28, 27.11.2015 1 min read

Metinvest, Ukraine's largest private mining and steel group, plans by the end of November 2015 to sign an agreement with creditor banks on their refusal to make claims in connection with certain present and future events of default (a stand-still agreement) until January 31, 2016, Metinvest CEO Yuriy Ryzhenkov has said at a briefing in Kyiv.

"We plan to sign a stand-still agreement by November 30," the CEO said.

According to him, negotiations on the long-term restructuring of debts with creditors are continuing, including with banks and eurobond holders.

Ryzhenkov noted that the company continues to pay interest on its obligations to all creditors, except for the shareholders' loans.