The Ukrainian Metal

Ukraine: Metinvest debt down in January-September 2019

As of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion.

The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group.

In 9 months Metinvest attracted over $50 million as loans for investment. The largest project was the reconstruction of the sheet-rolling shop-1700 at Mariupol Ilyich Iron and Steel Works valued at 34.4 million euros.

Net debt as of September 30 remained unchanged at $2.458 billion. (Ukrainian metal)

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