Mechel asks to restructure series 17, 18, 19 bonds; meeting to be set

By Susanna Moon

Chicago, May 5 – Mechel PAO is seeking to restructure its series 17, 18 and 19 bonds, with the bondholders meeting to be announced separately, according to a 6-K filing with the Securities and Exchange Commission.

Mechel said it is offering to make changes to the payment schedule and to reconsider the order of determining the coupon rate for future periods.

VTB Capital AO, Gazprombank (AO) and Svyaz-Bank AKB PAO act as the company's

restructuring agents.

Holders may be kept informed of the restructuring process by writing to bonds@vtbcapital.com, bondsbook@gazprombank.ru and bonds@sviaz-bank.ru.

The bond issues are dated Aug. 10, 2010.

Mechel is a Moscow-based mining, metals and power company.

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