The company is the richest businessman of Ukraine said about the default
The group " Metinvest ", the main shareholder of which is the SCM Group structure, solely owned by Ukrainian businessman Rinat Akhmetov, announced for 2014 and announced about the fact that is in default and requests for deferment of repayment of debt securities.
the report notes that the Firm wants to obtain the consent of the holders to defer repayment of principal debt on bonds with maturities of 20 may 2015. According to " Metinvest ", the amount of repayment shall be $113, 651 million in Addition, securities holders will be asked to submit requirements on bonds with maturity in 2017 and 2018 respectively.
"The conflict in the Eastern regions has led to serious disruptions on the part of our metallurgical and mining plants. In the global market our product steel prices, as the prices for coal and iron ore, were under pressure the entire 2014, is given in the message words of Director-General Yuriy Ryzhenkov. In addition, it is noted that the group of Rinat Akhmetov could not obtain financing in both domestic and foreign markets debt capital.
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