Commenting on the announcement, Yuriy Ryzhenkov, Chief Executive Officer of Metinvest, said:
“Metinvest’s repayment of its 2023 Senior Notes is a remarkable achievement in the context of the ongoing war and a significant milestone for the Ukraine-related corporate space. Despite the challenging environment, the Group has demonstrated its unwavering commitment to its bondholders. This action exemplifies Metinvest’s credibility and trustworthiness, underscoring the Group’s prudent approach to liability management. Moreover, this successful deleveraging exercise provides Metinvest with greater financial flexibility amid the inherent unpredictability of war by eliminating scheduled material principal repayments until 2025.”