Koks wants to replace bonds with loans and increase ruble debt

Koks, the largest producer of cast iron in Russia, can refinance Eurobonds through to ruble loan due to lower cost of bank borrowing, which also will help it to reduce the risks of exchange rate fluctuations.

"The priority is loans, - said in an interview Sergei Frolov, vice-president on strategy and investor relations of Industrial Metallurgical Holding, manager of Koks asset. - Banks are now more willing to give money, because the liquidity situation has improved".