KIEV, May 28 – Britain's Ferrexpo Plc with assets in Ukraine has announced a new exchange offer and consent solicitation for the outstanding amount of its eurobonds due in 2016 worth $285.669 million to the bond holders who refused to exchange the securities in February 2015, the company said on the London Stock Exchange.

Ferrexpo proposed that the outstanding amount of its eurobonds is refinanced and replaced by the same notes proposed in February – notes that will mature on April 7, 2019 at the coupon of 10.375% per annum. An amortization schedule is foreseen for them: 50% of their nominal value to be paid on April 7, 2018 and 50% - on April 7, 2019. The cash consideration amount was increased to 35% of the aggregate principal amount of existing notes accepted for exchange (earlier 25%).