Metinvest B.V. has announced a final payment on bonds with maturity in 2023 in time and in full.
“The clearing of 2023 bonds is a considerable achievement during the war and an important event for corporate issuers connected with Ukraine. Despite complex conditions, the group has demonstrated the stability of its obligations to bond holders. The step shows the reliability of Metinvest and deliberated approach of the group to its obligations management,” Metinvest CEO Yuri Ryzhenkov noted.
He added that successful decrease of debt burden would allow improving financial flexibility of Metinvest under the contingency of war by lowering considerable debt payments until 2025. (Ukrainian metal)