Metinvest bondholders approve long-term debt restructuring
7 February 2017
Ukraine’s leading steel and iron ore holding Metinvest (METINV) announced on Feb. 6 that the restructuring scheme was approved at the bondholder meeting held on the same day. 273 bondholders representing 99.42% of bonds outstanding voted in favor of the scheme.
Andriy Perederey: Now that the scheme has been approved by the bondholders, a UK court has to issue a sanctioning of the scheme at the hearing scheduled on Feb. 8. If that happens, the scheme comes into effect on the same date. These are the last steps in finalizing the debt restructuring and we think that all anticipated deadlines will follow. We are keeping a positive view on Metinvest Eurobonds.
