KYIV, Sept 17 – The Metinvest mining and metal group has announced an offer to purchase for cash $440 million eurobonds of its outstanding $944.515 million eurobonds due in 2023 and the coupon of 7.75% and issue new bonds.

"The purpose of the Offer is to proactively manage redemption of the Offeror's debt, extend the debt maturity profile of the Offeror and lower refinancing risks," Metinvest said in a report on the Irish Stock Exchange.