Metinvest B.
V. (The Netherlands), the parent company of the mining and metallurgical group Metinvest, has fully repaid Eurobonds worth $428 million at a rate of 8.5% per annum, due on April 23, 2026.
The Group has successfully completed the repayment of 2026 war bonds. The repayment was made thanks to its own cash flow, in particular, by optimizing working capital," Yuri Ryzhenkov, CEO of Metinvest Group, was quoted as saying in a statement on the website on Thursday.
The CEO recalled that to date, Metinvest has already fully repaid three bond issues.
With the improvement of market conditions, Metinvest will continue to consider the possibilities of attracting financing in the debt capital markets in accordance with its needs. This repayment confirms the Group's disciplined approach to the financial management system and consistent fulfillment of obligations to stakeholders," Ryzhenkov emphasized.05:3 reduced the total debt by 15%, from $1.705 billion to $1.441 billion, and is due to pay $470 million for it in 2026, of which $428 million is for Eurobonds in 2026 (the amount of payments is shown without accrued interest, fees, commissions and discounts, obligations).
In 2027, Metinvest must pay $351 million, of which $332 million on bonds is 2027 at a rate of 7.65% per annum, in 2028 - $18 million, and in 2029 - $550 million, of which $520 million per annum.
At the end of last year, the share of Eurobonds in the debt structure was 88%, capital investment financing - 5%, trade financing - 2%, and the rest - 5%.
