KIEV, May 12 – The pre-export finance (PXF) lenders of Ukrainian mining and metal holding Metinvest, anticipating the need to discuss a broader rescheduling of maturities, have started to form a coordinating committee (CoCom) comprising the core PXF lender banks and the formation of the CoCom was finalized on May 5, 2015, the company said on the Irish Stock Exchange (ISE).

"In order to ensure that focused rescheduling discussions can be conducted effectively, Metinvest and the CoCom started to negotiate a standstill and waiver agreement," reads the report.