Mechel, one of Russia’s leading mining and steel companies, reports its intention to restructure 17, 18 and 19 series of bonds.
The company intends to offer holders of 17-series bonds (State registration number 4-17-55005-E dated 10.08.2010), 18-series bonds (state registration number 4-18-55005-E dated 10.08.2010) and 19-series bonds (state registration number 4-19-55005-E dated 10.08.2010) to introduce changes in the current payment schedule and reconsider the order of determining the coupon rate for future periods.
VTB Capital, Gazprombank and Svyaz-Bank act as the company’s restructuring agents. (Mechel/Ukrainian metal)