Mechel plans to restructure the 4th issue of bonds
Edited by Rhod Mackenzie / 2016-06-21 05:45:40
Mechel has planned to restructure the fourth issue of the bonds, the meeting of the securities holders is scheduled for July 7, the company reports.
Mechel placed a seven-year bonds of the 04 series for 5 billion rubles in July 2009. Rates of 1-12 quarterly coupons were 19%, 13-16 coupons - 11.25% per annum. The issue provided two offers: the first one three years after the date of the placement, and the second - four years after the date. The maturity date is July 21, 2016.
