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Metalloinvest Finance Designated Activity Company

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DGAP-UK-Regulatory News vom 29.04.2019

Metalloinvest Finance Designated Activity Company: Metalloinvest announces partial refinancing of its loan portfolio

Metalloinvest Finance Designated Activity Company (IRSH)

29-Apr-2019 / 17:39 MSK
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Metalloinvest announces partial refinancing of its loan portfolio

 

Moscow, Russia - 29 April 2019 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the partial refinancing of its loan portfolio.

In line with Metalloinvest's Debt Management Strategy, the Company used RUB 5 bn for the advanced repayment of a portion of its loan from Sberbank, with the repayment scheduled for July 2020. The funds for the repayment were sourced from the recent issue of Metalloinvest's BO-09 series exchange bonds for the same amount - RUB 5 bn - with the coupon rate set at 8.85% annually and a put option in 7 years.

 

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For more information, please contact:

Artem Lavrischev
Director of Investor Relations and Corporate Ratings

E: [email protected]

T: +7 (495) 981-55-55

 

 

 

 

 

Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.

Metalloinvest is wholly owned by Holding Company USM LLC. Alisher Usmanov is the major beneficiary of Holding Company USM LLC (49%).




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