Metinvest defaults
Edited by Rhod Mackenzie / 2015-04-13 07:11:21
Metinvest Group (Ukraine) announces that it nearly defaulted. It starts three projects to get permission from the bond holders with a redemption date in 2015, 2017 and 2018.
“The projects are aimed (one project on each issue) at rescheduling of the principal of bond debt with a period of redemption on May 20, 2015, and the receipt of an agreement from bondholders that they abandon a right to impose requirements because of definite due and future events of bond defaults with a maturity date in 2015, 2017 and 2018.
