Metinvest postpones deadline of eurobond restructuring closure until Dec 31
Metinvest international vertically integrated mining and steel group has postponed the deadline for closing the deal on restructuring the eurobonds of Metinvest B.V. parent company (the Netherlands) from November 30, 2016 until December 31, 2016.
According to a report by the issuer on the website of the Irish Stock Exchange, the company is holding final negotiations for signing an agreement on debt restructuring. It is expected that the deal, which will start the restructuring process, will be officially announced before November 30, and then some more time will be required to close the deal. For this purpose the deadline of the deal closure will be considered on December 31, 2016.
As reported, Metinvest in late December 2015 addressed to eurobonds holders with the request to approve the introduction until May 27, 2016 of a moratorium on payments on securities, during which it planned to reach an agreement on their restructuring, as well as restructuring pre-export financing.
The agreement concerns eurobonds with the maturity terms of up to 2016, 2017 and 2018, as well as pre-export financing worth $1.07 billion.
Advertising
Advertising
MORE ABOUT
Metinvest offers to buy back part of its senior notes due in 2025 and 2026 worth up to $70 mln
20:59, 30.04.2024
Metinvest's Pokrovske mine extracts 1.2 mln tonnes of coking coal in Q1, plan for 2024 is 5.35 mln tonnes
20:07, 25.04.2024
Moody's confirms Metinvest's ratings, changes outlook from negative to stable
21:48, 01.04.2024
Metinvest intends to build plant in Italian Piombino as one of most technologically and environmentally advanced of its kind; it to become pilot for our future investments – CEO
18:53, 01.04.2024
Logistics, currency liberalization, transparent reservation important for development of export-oriented companies in wartime – Metinvest CEO
17:59, 27.03.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program