Ukraine's largest vertically integrated mining and steel group Metinvest has announced that it has successfully placed a $750 million seven-year eurobond with a coupon of 8.75 percent. The bond matures on February 14, 2018.
Accordingly, the placement was implemented within the framework of a $1 billion euro medium term notes (EMTN) program, with the proceeds from the issue to be used to finance its capital expenditure program and for general corporate purposes.
In May 2010, Metinvest placed a debut $500 million five-year eurobond with a coupon of 10.25 percent.