“Metalloinvest” will collect applications for exchange bonds for 5 billion rubles

“Metalloinvest” will collect applications for exchange bonds for 5 billion rubles


The Issuer is placing by open subscription on 5 million bonds with par value of 1 thousand roubles series BO-07. The issue provides for early redemption at the Issuer’s discretion.

MOSCOW, 20 Feb. “Metalloinvest” plans on Saturday to collect applications of investors for a ten-year exchange bonds for 5 billion rubles, is spoken in the message of the company.

Applications the company will collect from 11.00 to 12.00 GMT. The Issuer is placing by open subscription on 5 million bonds with par value of 1 thousand roubles series BO-07. The issue provides for early redemption at the Issuer’s discretion.

Organized by Gazprombank.

JSC “holding company metalloinvest” is the largest iron ore company in Russia and the CIS. 100% controlled by USM Holdings, the largest beneficiary is Alisher Usmanov. Other major shareholders of USM are structures of Vladimir Skoch (30%) and Farhad Moshiri (10%). “Metalloinvest” in 2015, increased production of iron ore 1.9% up to 39,464 million tons.