Metinvest has cleared its $75-million debt of pre-export financing in advance.
Now the company debt amounts to $406 million.
“This move demonstrates our attention to servicing our debt and relieves Metinvest of paying planned amounts of the main debt for the next several months, which will provide us with a financial flexibility during the steel price decrease period. This payment is a scheduled usage of a part of net revenue from a recent bond issue”, the group reported. (Ukrainian metal)