MOSCOW, Mar 23 (PRIME) -- Russian metals holding Metalloinvest has redeemed exchange bonds of the BO-02 and BO-03 series totaling 15 billion rubles ahead of schedule, the company said in a statement on Tuesday.
The company sold the two 10-year issues of exchange bonds in March 2016. Metalloinvest used 10 billion rubles of own money and 5 billion rubles from a credit line to redeem the bonds, cutting its net debt by 10 billion rubles, the company said.
In 2020, the net debt of Metalloinvest shrank by 13.8% to U.S. $3.237 billion as of the end of the year.
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