KYIV, March 3 – Metinvest Mining and Metallurgical Group may place another eurobond issue to finance M&A transactions, Renaissance Capital said, with reference to the Debtwire publication.

Metinvest is considering the possibility of another placement of eurobonds," the Debtwire publication said.

Metinvest did not comment on this information to Interfax-Ukraine.

Renaissance Capital in its statement said that amid increase in steel and iron ore prices in the middle of February, the company released good results for the second half of 2020, in particular, at the end of 2020, the company had considerable cash of $800 million against $500 million of short-term debt (all bank loans).