Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017.
Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020.
The interest will be paid by equal installments every half-year.
The company must until December 31, 2023 buy back its new bonds for $150 million plus interest. (Ukrainian metal)