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Metinvest’s debt refinancing wins emerging EMEA Bond Award

December 18, 2018 | Cbonds

Metinvest, the vertically integrated group of steel and mining companies, is pleased to announce that the International Financing Review magazine (IFR), an authoritative provider of capital markets information, has named the Group’s recent debt refinancing transaction Emerging EMEA Bond of 2018. IFR’s annual awards are considered among the most prestigious in the global financial community.
In its coverage of the award, IFR noted that while the dual-instrument transaction was complex, it succeeded in every respect, enabling Metinvest to reduce its average cost of debt and its refinancing risk. The full article is available here: http://www.ifre.com/emerging-emea-bond-metinvests-us135bn-dual-tranche-bond-and-tender/21357639.article.

To recap, in April 2018, Metinvest refinanced debt of US$2,271 million by issuing two bond tranches totalling US$1,592 million and securing a pre-export finance (PXF) facility of US$765 million. The bond issue was the Group’s largest to date, with its lowest ever coupon and longest maturity, as well as the most sizeable issuance by a Ukrainian corporate. The investor community worldwide, including top European financial institutions, showed strong support for the transaction.

Issue: Metinvest, 8.5% 23apr2026, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingUkraine04/23/2026525,000,000 USD-/B-/-

Company: Metinvest

Full company nameMetinvest B.V.
Country of riskUkraine
Country of registrationNetherlands
IndustryFerrous metals

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