Refinancing of Metinvest recognized as the deal of the year on the issue of bonds

Metinvest, a vertically integrated group of metals and mining companies, is pleased to announce that the International Financing Review (IFR) magazine, the authoritative source of information on capital markets, has recognized Metinvest's debt refinancing transaction as the Deal of the Year to issue bonds among issuers from developing countries in Europe, the Middle East and Africa. IFR's annual awards are considered the most prestigious in the global financial community.

In its report on the award, IFR magazine noted that the deal, which used two financial instruments, was complex, but successful in all respects, allowing Metinvest to reduce the average cost of debt and refinancing risks. The full article is available at: http://www.ifre.com/emerging-emea-bond-metinvests-us135bn-dual-tranche-bond-and-tender/21357639.article.

As a reminder, in April 2018, Metinvest refinanced debt in the amount of USD 2.271 billion by issuing two tranches of bonds for USD 1.592 billion and receiving a pre-export financing credit line in the amount of USD 765 million. This is Metinvest's largest Eurobond issue to date with the lowest coupon and longest maturity. It is also the largest Eurobond issue in the Ukrainian corporate sector. The deal received significant support from the global investor community and leading European financial institutions.