US Bankruptcy Court in Delaware will consider the appeal of the Metinvest company about the restructuring of Eurobonds.
US Bankruptcy Court in Delaware appointed for February 9 meeting on the treatment Metinvest BV (Netherlands), the parent company of Ukrainian mining and metallurgical group Metinvest to authorize the US proposal for the restructuring of its Eurobonds for $ 1.125 billion.
According to the message of Metinvest on the website of the Irish Stock Exchange, any objections or responses to the treatment will be accepted until February 2.
In addition, Metinvest asked the court to recognize that this proposal is preliminary. The meeting of this appeal is scheduled for January 29. Any objections or replies to it are accepted until January 26.
As reported, the Supreme Court of England and Wales (High Court of Justice of England and Wales) at the January, 13 allowed Metinvest BV to convene January 27, 2016 meeting of bondholders totaling $ 1.125 billion, regarding the restructuring of the securities.
The decision concerns the owners of Eurobonds for $ 85 million with maturity in 2016, for $ 289.734 million with maturity in 2017 and $ 750 million with maturity in 2018.
Metinvest, caught in a crisis situation with declining steel prices, malfunction of their businesses because of the military operations in eastern Ukraine, suggested earlier the holders of the three editions of its Eurobonds to agree on introduction to May 27, 2016 moratorium on payments on these securities and negotiate on their restructuring.
Metinvest offers to pay the holders of Eurobonds $ 1.25 premium for each $ 1 thousand nominal value of Eurobonds for their support and offer the same amount, if till April 1, 2016 will not be reclaimed pre-term termination of the moratorium.
Metinvest group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States. The main shareholders of “Metinvest” are the group “SCM” (71.24%) and “Smart-Holding” (23.76%), co-management of the company.
The European Union has launched an antitrust investigation against Google to determine whether the company has violated EU rules by giving priority to advertising its services to the detriment of competitors. The Financial Times reports. According to the European Commission, the investigation will find out whether Google undermines competition rules by restricting third party access […]
Over the next 12 months, Ukraine must pay $ 10 billion from its foreign currency debt. This is stated in the June report of the National Bank on financial stability. “Over the next 12 months, only foreign currency payments of the government and the NBU on public and guaranteed debt will exceed $ 10 billion. […]
The US Federal Reserve maintained the base interest rate at 0-0.25%, as expected by the market. This is stated in the message of the financial regulator following a meeting of its leadership. “The Committee has decided to keep the target rate range for federal funds at 0-0.25% and considers it appropriate to maintain this range […]
The price of Brent oil may rise to $ 100 per barrel by 2022, according to a report of Bank of America. Analysts of the organization have found six reasons for this development. Three reasons are related to demand and three – to supply. The first point is the delayed demand for fuel after lockdowns, […]
In Germany, Telegram faces a fine of 55 million euros because the company does not have a contact person who would be obliged to communicate with the state to distribute content that violates the law. Der Spiegel reported this. If the company refuses to cooperate with the German authorities, the application may be blocked in […]
Significant strengthening of the hryvnia against the dollar is due to four main factors. Vasyl Furman, Deputy Chairman of the Council of the National Bank of Ukraine, said this on the air of Ukraine 24 TV channel. “This is primarily an increase in prices in commodity markets, on the one hand, although, on the other […]
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]
Authorities in the United States and the European Union have agreed to end a long-running trade dispute over the aerospace concerns Boeing and Airbus, which has resulted in mutual tariffs of more than $ 10 billion, said Catherine Ty, the US representative at the trade talks. “The US-EU agreement marks significant progress in reaching a […]
On December, 23 this year it was a private press conference with the representatives of the Ministry of Regional Development, Construction and Housing of Ukraine. The meeting was attended by: Lev Partskhaladze (Deputy Minister of Regional Development, Construction and Housing), Oleksiy Honcharuk (head office of effective regulation – BRDO) and Olena Shuliak (Sector Manager of […]Next
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]Next
The financial results of the quarter, which covers the period from April to June, were most affected by the COVID-19 pandemic, especially in the tourism industry. Many countries have closed their borders, travel conditions have become more difficult, and most travelers have canceled their traditional trips during the hottest tourist season due to concerns about […]Next
Seeing a clear plan of debt restructuring, international lenders agreed to continue cooperation with UkrLandFarming in the agricultural sector. “Today we can see that efficiency UkrLandFarming fully restored, the financial situation is stable, and the lenders are configured to work with the holding in the future”, – said Nick Piazza, CEO of SP Advisors finance […]Next
The company will sell its networks in Central and Eastern Europe, which are not profitable, this opinion is shared by the experts on the energy market. The UK-Dutch oil and gas company Royal Dutch Shell, which profit fell 8 times due to the collapse in oil prices may abandon non-core assets and expose their networks […]Next
Shares of Intel fell 2.6% in non-trading time after the American chipmaker announced its results for the first quarter and gave a forecast for the whole of 2021. The main figures of the Intel report Intel reported earnings per share decline in the first quarter of 4% (compared to the same value in 2020) to […]Next
Half of the 2 billion doses of coronavirus vaccine that the American company Novavax intends to develop, will be manufactured at its Czech plant Praha Vaccines, said on Tuesday at a press conference the Prime Minister of the Czech Republic Andrej Babiš, who visited this enterprise near Prague. “Novavax wants to produce 2 billion coronavirus […]Next
Tryndiuk Yurii, who is the owner and president of the company Khlibni investytsii, reported on what amount of money will be invested in improving the production of bread in this year. This amount is equal to more than 300 million UAH. About it has reported the source delo.ua. Total production of bread in Ukraine is […]Next
German Finance Minister Olaf Scholz said that eurozone finance ministers had agreed on a package of measures to reform the European Stabilization Fund (ESM). “The ESM reform strengthens the euro and the entire European banking sector,” said Scholz, whose country currently holds the EU presidency. According to the agreements, a new “safety cushion” for European […]Next
Ukrainian monitoring center registration data OpenDataBot has promulgated the final quantitative indicators of the enterprises registered in Ukraine. From these data, it became clear that for the year in Ukraine already exist more than a million active businesses, but despite this, very few of them are operating in the field of intelligent technologies (IT) – […]Next
Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]Next
Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]Next
According to Interfax-Ukraine, the State Enterprise Production Association Yuzhny Machine-Building Plant named after A.M. Makarov (Yuzhmash) has provided the first step of Antares carrier rocket (CR) medium-class shipping by the interests of Orbital ATK Inc. (NYSE: OA) Company. The international space station renewed the cargo flight after CR modernization with Mild-Atlantic Regional Spaceport due to […]Next
The victory of the candidate from the Republicans in the USA President elections stirred up not only the global political community but the US stock market too. According to Bloomberg analytical bureau, Hillary Clinton’s loss has hit the financial condition of 500 richest people in the world. In particular, analysts say that after the announcement of the race […]Next
One of the biggest Ukrainian trade and industrial groups Fozzy Group, which is a part of PJSC Holding Invest (Kyiv), has received permission from the Antimonopoly Committee for the purchase of Boguslavskii zavod prodtovariv (Kyiv region, city Bohuslav) and a plant for fish processing Vohni hestii (legal address – Kyiv, physical address – Zhytomyr). This […]Next
In the new year Ukrposhta will invest in its development up to 500 million UAH. It is reported by the press service of the national postal operator, referring to the words of the CEO – Ihor Smilianskyi. According to the original source, in the new year the investment plan is going to be increased in […]Next