TXF is a reputable media outlet that covers export, trade and commodity finance news and transactions. In its coverage of the award, TXF noted that despite finalising a lengthy debt restructuring in 2017, Metinvest returned to the debt markets in 2018 to close a pre-export finance (PXF) facility and two bond issuances totalling US$2.36 billion, the largest refinancing by a Ukrainian corporate to date. The full article is available here: https://www.txfnews.com/News/Article/6756/Perfect-10-winners-2018-Commodity-finance.
To recap, in April 2018, Metinvest refinanced the lion’s share of its debt by issuing two bond tranches totalling US$1,592 million and securing a PXF facility of US$765 million. The bond issue was the Group’s largest to date, with its lowest ever coupon and longest maturity, as well as the most sizeable issuance by a Ukrainian corporate. The investor community worldwide, including top European financial institutions, showed strong support for the transaction.