Mechel restructures bond debts
Edited by Rhod Mackenzie / 2015-09-21 01:47:07
Mechel Group announced decisions on amending the current repayment schedules and determination of the coupon rate for future periods on the results of general meetings of bond holders of 13 and 14th series.
Bondholders approved new parameters of bond restructuring by absentee voting. According to them, a partial repayment of the nominal value of the bonds will be carried out during four years since the date of termination of the 13-19 coupon periods.
