Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, has fully repaid $428 million in Eurobonds bearing an 8.5% annual interest rate, which matured on April 23, 2026.
“The Group has successfully completed the redemption of the 2026 bonds, marking another important milestone for Metinvest amid the war. The redemption was carried out using internal cash flow, specifically through the optimization of working capital,” Metinvest Group CEO Yuriy Ryzhenkov said in a statement on the company’s website on Thursday.
The CEO noted that to date, Metinvest has fully repaid three bond issues, with the total amount of payments on these instruments exceeding $1 billion.
“As market conditions improve, Metinvest will continue to explore opportunities to raise financing in the debt capital markets in line with its needs. This repayment confirms the Group’s disciplined approach to financial management and consistent fulfillment of its obligations to stakeholders,” Ryzhenkov emphasized.
According to the report, Metinvest reduced its total debt by 15% in 2025—from $1.705 billion to $1.441 billion—and is scheduled to repay $470 million in 2026, of which $428 million is due on the 2026 Eurobonds (the payment amount is stated excluding accrued interest, fees, commissions, and discounts, revolving trade finance, and lease obligations).
In 2027, Metinvest is to pay $351 million, of which $332 million is for the 2027 bonds with a 7.65% annual rate; in 2028 – $18 million; and $550 million in 2029, of which $500 million is for the 2029 Eurobonds with a rate of 7.75% per annum.
In the debt structure as of the end of last year, Eurobonds accounted for 88%, capital investment financing for 5%, trade financing for 2%, and other for 5%.
