PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022
PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022
- PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022
Dissemination of a Regulatory Announcement, transmitted by EQS Group. - PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies about 2024 Eurobond coupon payment in June 2022.
- Given the existing uncertainty regarding the transfer and receipt of loan interest and coupon income due to regulatory restrictions in various jurisdictions, particularly, cross-border payments, MMK is considering legal options to facilitate the coupon payment on 13 June 2022.
- MMK has the sufficient liquidity cushion to meet its obligations on due dates, including the Notes coupon payment, and will carry out the available actions to fulfill these obligations.