KYIV, Oct 21 – Metinvest has completed a deal on the repurchase of $440 million eurobonds with a maturity in 2023 out of a total issue of $944.515 million through the placement of two new issues of eurobonds: $500 million due in 2029 and EUR 300 million due in 2025.
The group's debut two-currency offer, consisting of tranches denominated in U.S. dollars and euros, helped to effectively extend the maturity of $440 million 2023 eurobonds out of the amount of $944.515 million by six and a half years, while the net proceeds from the transaction amounted to approximately $350 million, the company said last week.
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