Russia’s Metalloinvest announces redemption price for 5 5/8% notes

By Sarah Lizee

Olympia, Wash., Oct. 25 – Metalloinvest will redeem its $1 billion of 5 5/8% guaranteed notes due 2020 at par plus a make-whole premium of $16.17 per $1,000 of notes, according to a notice.

The amount of accrued interest will be equal to $2.19 per $1,000 of notes, making the total redemption price $1,018.36 per $1,000 of notes.

As previously reported, the notes will be redeemed on Oct. 31.

Deutsche Bank AG, London Branch is the principal paying agent.

The issuer is a Moscow-based mining and metallurgy company.

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