Russia’s Magnitogorsk Iron & Steel explores ideas about June payment

Chicago, May 6 – Russia’s PJSC Magnitogorsk Iron and Steel Works (MMK) is considering various options to facilitate the upcoming interest payment due June 13 for its $500 million 4 3/8% guaranteed notes due 2024 issued by MMK International Capital DAC, according to a press release.

The company is asking noteholders to provide the company with information (ir@mmk.ru with subject “June 2022 interest – noteholders) regarding whether they hold Regulation S or Rule 144A notes, the notional value of the notes and the location of the depository.

Noteholders who do not wish to disclose the information requested at this stage may instruct their brokers/depository to disclose the information about their holding without providing the information on the UBO.

The company is a steel producer based in Magnitogorsk, Russia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.