Evraz says unable to redeem $750 mln Eurobonds, liquidity good

MOSCOW, Mar 20 (PRIME) -- U.K.-based mining giant Evraz, which operates mainly in Russia, will be unable to partially or completely redeem a U.S. $750 million issue of 2023 Eurobonds although liquidity is sufficient, the company said.

Currently, Evraz is prohibited from making payments on the Eurobonds without a license of Britain’s Office of Financial Sanctions Implementation (OFSI).

The Eurobonds mature on Monday.

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