11
Jul
13:48
Mechel bondholders approve new restructuring terms
Mechel’s bondholders have approved by absentee ballot the new restructuring terms for Series 04 bonds, which include the extension of maturity up to 2021, Kallanish learns from the Russian steelmaker.
The agreement also comprises the quarterly amortization of debt until 2021 and the setting of coupon rate as the average between the Central Bank of Russia’s key rate plus 2.5% and a fixed figure determined for each year. VTB Capital, Gazprombank, and A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous