Metinvest, the steel and mining giant, has placed $500 million worth of 10-year Eurobonds at 7.95% per annum and

Metinvest, the steel and mining giant, has placed $500 million worth of 10-year Eurobonds at 7.95% per annum and €300 worth of 5-year Eurobonds at 5.75% per annum, reports Interfax-Ukraine. Total demand was $1.1 billion for the equivalent of $828 million of bonds. Before a weeklong international roadshow that ended Friday, Metinvest said: “The purpose of the offer is proactive management of debt repayment, an extension of debt repayment terms and reduction of refinancing risks.”