The international rating agency Fitch has given Ferrexpo eurobonds a rating of CCC.
The bonds have been issued for $160.7 million with an interest rate of 10.375% and maturity in 2019.
The company has issued these eurobonds to restructure its current bonds ($500 million with 7.875% and 2016 maturity). The bonds rating has been given with a long term default rating of Ferrexpo on the level of CCC. (Ukrainian metal)