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Metinvest seeking payment moratorium on $1.125 billion of LPNs
Journal Staff Report

KIEV, Dec. 25 - Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and steel group, has proposed that holders of its loan participation notes worth $1.125 billion approve the imposing of a moratorium on any payments on the securities until May 27, 2016.

The group said on the Irish Stock Exchange (ISE) that during the period the group plans to maintain a platform for the restructuring of the eurobonds and pre-export finance facilities (PXF facilities) worth $1.089 billion.




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