Metinvest has issued two Eurobond lots with maturity on April 23, 2023 for the amount of $825 million and with maturity on April 23, 2026 for the amount of $525 million. According to Bloomberg, the interest rate is 8%. The 5-year bonds have been issued at 98.986% of the nominal value. The 8-year bonds have…
Last year the volume of the Ukrainian metal market increased by 5-6%. This year Metinvest expects the increase of consumption by 8%. “We hope that the infrastructure construction and the metal processing industry will help in that”, Metinvest sales director Dmitry Nikolayenko said. The company has a developed sales network, selling historically high volumes of…
Metinvest decided to shut down Donetskkoks on the temporarily uncontrolled territory of Ukraine because of the inability to secure its profitable operation. The decision to liquidate the company was taken on March 29. All the shareholders voted in favor. After all the creditors’ claims have been satisfied, the company might have some assets valued at…
Metinvest has supplied 8.7 thousand tons of plate steel for the construction of the Willem van Rubroeck dredger, the most powerful dredger in the world. According to the group statement, the combined power of the vessel engines is almost 41 thousand kW. The ship is being constructed at the Uljanik shipyard in Croatia for Jan…
In January Metinvest EBITDA decreased by 9.2% MoM, to $228 million, while revenue grew by 10.3%, to $1009 million. As of January 31, the group consolidated debt amounted to $3.095 billion. The company produced 553 thousand tons of semi-finished products valued at $240 million: 289 thousand tons of pig iron at $106 million, 104 thousand…
Metinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…
Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…
Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…
