Russia: Mechel offers 348-billion ruble debt rescheduling to banks
Russian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…