NP Logistics of Nova Poshta Group signed the 5-year contract with the Swedish retailer IKEA, as reported in press release. The Swedish corporation is preparing for opening in Ukraine. City-format IKEA shop will be located in Ocean Mall. The opening is planned on September 01, 2019. NP Logistics will provide fulfillment and delivery services. The … Read more
Fitch Ratings has affirmed Ukrainian commodity processor Kernel Holding S.A.’s Long-Term Issuer Default Rating (IDR) at ‘B+’ with stable outlook, according to a posting on the rating agency’s website. “The ratings incorporate a leverage spike and weak operating results expected for financial year ended June 2018 due to a challenging operating environment. However, we also … Read more
DTEK would not participate in the privatization of PJSC Centrenergo electricity generating company, DTEK CEO Maksym Tymchenko has said. “No, we have said this several times,” he told reporters on Thursday. He evaded the question about the fairness of the starting price of 78.289% stake in Centrenergo of UH 5.985 billion recently approved by the … Read more
Fitch Ratings has assigned Metinvest B.V.’s (B/Positive) new 7.75% $945 million senior unsecured notes due 2023 and 8.50% $648 million senior unsecured notes due 2026 final ratings of ‘B’/’RR4’, according to a posting on the rating agency’s website. “The assignment of final ratings follows the receipt of documents conforming to information already received. The final … Read more
The Metinvest mining and metal group after making an offer to buy back 2021 eurobonds has received applications for $1.07 billion, the group reported on the Euronext Dublin last week. The group earlier said that on March 19, when the offer was made, 2021 eurobonds worth $1.187 billion were outstanding. Thus, after the buyback it … Read more
Metinvest mining and metal group has placed eurobonds under the 2012 eurobond refinancing program and pre-export financing facility ((PXF-financing): $825 million bonds due on April 23, 2023 and $525 million bonds due on April 23, 2026. According to information in the Bloomberg system, five-year bonds were placed at 98.986% of their face value. Taking into … Read more
Metinvest Mining and Metallurgical Group after obtaining consent from the holders of 96.8% of eurobonds with circulation until 2021 to change the terms of circulation of the securities will reduce the coupon rate to 7.5% per annum, the group said on the website of the Euronext Dublin stock exchange. According to the offer, the yield … Read more
Revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest Group, in November 2017 fell by 6.7% or $62 million compared to the previous month, to $866 million from $928 million, according to an unaudited consolidated financial report in line with IFRS published on Monday. Earnings before interest, taxes, depreciation and amortization (EBITDA) … Read more
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to ‘B’ from ‘B-‘. The Recovery Rating is unchanged at ‘RR4’,” the report says. “The … Read more
S&P Global Ratings has assigned its ‘B-‘ long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity … Read more