Metinvest's debt refinancing wins European Commodity Financing Deal of the Year award

Metinvest, a vertically integrated metals and mining group, is pleased to announce that TXF has named the Group's debt refinancing transaction the European Commodity Financing Deal of the Year in TXF's annual Best Deal of the Year competition, also known as the Perfect 10 rating. ".

TXF is a reputable media outlet that covers news and transactions in export, trade and commodity financing. In its announcement of the award, the publication noted that despite lengthy debt restructuring in 2017, Metinvest returned to debt markets in 2018 to raise pre-export financing and issue two tranches of bonds totaling US $ 2.36 billion, which is the largest refinancing in the Ukrainian corporate sector today. The full article is available at: https://www.txfnews.com/News/Article/6756/Perfect-10-winners-2018-Commodity-finance.

As a reminder, in April 2018, Metinvest refinanced the lion's share of its debt obligations by issuing two tranches of bonds in the amount of USD 1.592 billion and receiving a pre-export financing line of credit in the amount of USD 765 million. This is Metinvest's largest Eurobond issue to date with the lowest coupon and longest maturity. It is also the largest Eurobond issue in the Ukrainian corporate sector. The deal received significant support from the global investor community and leading European financial institutions.