Верхня палата Конгресу США (Сенат) підтримала законопроект про надання допомоги Україні. За - 79 голосів.
Metinvest to pay USD 6.5 mln in Eurobond interest on Dec. 18
Ukraine’s leading steel holding Metinvest (METINV) reported on Dec. 11 that it will allocate USD 9.7 mln in an early repayment amount on Dec. 18, of which the only disbursement to the noteholders would be the USD 6.5 mln of Pay-If-You-Can (PIYC) interest for the period of Nov. 18 - Dec. 17.
Dmytro Khoroshun: We see little difference between Metinvest making this voluntary PIYC interest payment on Dec. 18, rather than the next interest payment date of Feb. 18, 2018. The possible reason for the holding making early payment is increasing its flexibility in reaching end-of-quarter KPIs related to some of the conditions of the recent restructuring.
However, in particular, we think that this repayment will not allow Metinvest to increase its 2018 permitted CapEx level, USD 651 mln, by an additional USD 100 mln, because on May 18 and Aug. 18 Metinvest did not conform to some of the necessary conditions of permitted CapEx level increase. Namely, on these two interest payment dates, the holding did not pay in full and in cash the PIYC interest (instead capitalizing it partly by issuing PIK notes) and did not pay any catch-up interest. We are keeping our neutral view on METINV Eurobonds.
Источник: Конкорд Капитал
- Ukraine raises UAH 2.3 bln in local bond placement Конкорд Капитал 24 січня 2018 года
- Ukraine might pursue Eurobond placement in 1H18, Danylyuk says Конкорд Капитал 23 січня 2018 года
- Privatbank files response to Eurobond holders claim in London Конкорд Капитал 18 січня 2018 года
- Metinvest to pay USD 6.5 mln in Eurobond interest on Jan. 18 Конкорд Капитал 12 січня 2018 года
- MinFin raises UAH 1 bln through local bond placement Конкорд Капитал 11 січня 2018 года