Severstal has bought out all the remaining eurobonds with maturity in 2018.
According to the group statement, it has paid $548.62 million for them.
“Thus, our obligations to the bond holders have been completely fulfilled”, the company said.
Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate of 4.45%. A part of them was bought out in advance. (Ukrainian metal)