21
Jul
01:00
Russia's Mechel restructures some of its debt with VTB
Troubled Russian steelmaker, Mechel has managed to restructure some of its debt. The group’s Southern Kuzbass Coal Company and Yakutugol Holding Company have agreed with Russia’s VTB Bank to extend the maturity of existing loans worth a combined Rb15.8 billion (US$449m). Under the new schedule, loan repayments will begin in April 2015 with the final payment due in 2018.
This latest agreement means Mechel has completed restructuring its loans from…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous