Coupon rate will be 10.5%
The mining and smelting group of companies, Metinvest B. V., will issue eurobonds worth $1.5 billion in total in pursuance of the decision on refinancing with the bonds maturing in May of 2015, according to the data posted on the Irish stock exchange website, RBK-Ukraine (РБК-Україна) reports.
As has been already announced, new bonds with price equalling $150 each will be issued in the amount of $1.5 billion.
The coupon rate will be 10.5%. Repayment of bonds will start in May 2016, to be made each half a year in equal instalments.
It has been also reported that the following companies will act as bond guarantors: PJSC Avdiiv Chemical Recovery Plant, Azovstal metallurgical plant, OJSC Central Ore Mining & Processing Enterprise, OJSC Ingulets Ore Mining & Processing Enterprise, OJSC Khartsyz Pipe Plant, the Ukrainian-Swiss joint venture - Metalen, OJSC Northern Ore Mining & Processing Enterprise and OJSC Enakiiv metallurgical plant.
