Metalloinvest

Announcement to bondholders of Metalloinvest Eurobonds regarding a regular coupon payment

Retrieved on: 
Sunday, November 27, 2022

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Moscow, Russia 18 November 2022 Metalloinvest (the Company), a leading global iron ore and HBI producer and supplier, and a regional producer of high-quality steel, today announces that it has made in full its regular semi-annual coupon payment in respect of its 3.375% Eurobonds due in 2028, issued by METALLOINVEST FINANCE D.A.C.
  • for US$ 650,000,000 (ISIN: XS2400040973, US59126LAB45) (the 2028 Eurobonds).
  • Metalloinvest, acting in accordance with the issuance documentation and applicable law, has fulfilled its obligations on making the regular coupon payment to noteholders of its 2028 Eurobonds with a record date of 22 October 2022.

Metalloinvest announces the completion of the sale of Ural Steel to Zagorsk Pipe Plant

Retrieved on: 
Saturday, March 5, 2022

Metalloinvest will continue to supply Ural Steel with iron ore raw materials on market terms.

Key Points: 
  • Metalloinvest will continue to supply Ural Steel with iron ore raw materials on market terms.
  • Export operations between Ural Steel and Metalloinvest Trading AG will also continue.
  • The enterprise is Russia's leading producer of bridge steel and a leading supplier of steel products for construction, pipe production and high-quality shipbuilding steel.
  • In 2021, Ural Steel produced 2.4 mn tonnes of pig iron and 1.5 mn tonnes of steel.

METALLOINVEST ANNOUNCES FY 2021 IFRS FINANCIAL RESULTS

Retrieved on: 
Thursday, February 24, 2022

Moscow, Russia - 24 February 2022 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, today announces its audited IFRS financial results for the full year ended 31 December 2021.

Key Points: 
  • Moscow, Russia - 24 February 2022 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, today announces its audited IFRS financial results for the full year ended 31 December 2021.
  • As of 31 December 2021, Net debt was USD 2,600 mn, a decrease of 19.7%1 from 31 December 2020.
  • In October 2021, Metalloinvest signed a contract to supply equipment to the new HBI Plant (HBI-4) at LGOK.
  • Metalloinvest presented the results of its first in-house ESG supplier ranking.

Metalloinvest signs an agreement to sell JSC Ural Steel to Zagorsk Pipe Plant

Retrieved on: 
Thursday, February 3, 2022

According to the agreement, ZTZ acquires 100% of JSC Ural Steel from Metalloinvest.

Key Points: 
  • According to the agreement, ZTZ acquires 100% of JSC Ural Steel from Metalloinvest.
  • Metalloinvest will continue to supply Ural Steel with iron ore raw materials on market terms.
  • The enterprise is Russia's leading producer of bridge steel and a leading supplier of steel products for construction, pipe production and high-quality shipbuilding steel.
  • In 2021, Ural Steel produced 2.4 mn tonnes of pig iron and 1.5 mn tonnes of steel.

Metalloinvest announces changes to its Board Committees

Retrieved on: 
Monday, January 31, 2022

(15.4 billion tonnes and about 150 years of reserve life).

Key Points: 
  • (15.4 billion tonnes and about 150 years of reserve life).
  • The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.
  • Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.

Sova Capital Sees Rise of Small- to Mid-Cap IPOs in Russian Markets

Retrieved on: 
Thursday, December 16, 2021

Sova Capital, the London-based emerging markets brokerage, anticipates an abundance of placements from small and mid-cap issuers in the coming years as outlined in detailed report today analyzing the past, present and future of Russian equity capital markets (ECM).

Key Points: 
  • Sova Capital, the London-based emerging markets brokerage, anticipates an abundance of placements from small and mid-cap issuers in the coming years as outlined in detailed report today analyzing the past, present and future of Russian equity capital markets (ECM).
  • Alina Sychova, head of capital markets origination at Sova Capital, comments:
    Although some large industrial enterprises such as SIBUR and Metalloinvest are still to go public, the Russian ECM market will continue to flourish before and after these companies list.
  • Continuing a trend of recent years, all Russian IPOs this year have had a Moscow component, with many listing solely on MOEX.
  • Whereas the majority of IPOs before 2015 took place outside Russia, since 2016 50% of all listings have been MOEX-only.

Metalloinvest declares dividends

Retrieved on: 
Tuesday, October 5, 2021

The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.

Key Points: 
  • The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.
  • In H1 2021, revenue amounted to USD 5.1 bn; EBITDA - USD 2.9 bn.
  • The company has 10+ years track record on public debt capital markets with high credit ratings: S&P (BBB-/ stable), Fitch (BBB-/stable), Moody's (Baa3/stable), CR (AA+(RU)/positive).
  • Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.

Metalloinvest declares dividends

Retrieved on: 
Monday, August 23, 2021

The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.

Key Points: 
  • The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.
  • In H1 2021, revenue amounted to USD 5.1 bn; EBITDA - USD 2.9 bn.
  • The company has 10+ years track record on public debt capital markets with high credit ratings: Fitch (BBB-/stable), S&P (BB+/positive), Moody's (Ba1/stable), CR (AA+(RU)/positive).
  • Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.

Metalloinvest announces election of a new Board of Directors

Retrieved on: 
Wednesday, July 7, 2021

Moscow, Russia - 7 July 2021 - Management Company Metalloinvest LLC has elected a new Board of Directors, following a decision of one of its members.

Key Points: 
  • Moscow, Russia - 7 July 2021 - Management Company Metalloinvest LLC has elected a new Board of Directors, following a decision of one of its members.
  • Following a decision of the Board of Directors, he is appointed Chair of the Remuneration Committee.
  • He also chairs the Board of Directors of Fortenova Group (Croatia) and is on the Board of Directors of Nornickel.
  • The Board of Directors of Management Company Metalloinvest has 10 members, including three independent directors:
    * Vakhtang Kocharov, Vice Chairman of the Board of Directors, Executive Director

Fitch upgrades Metalloinvest rating to Investment Grade

Retrieved on: 
Tuesday, June 29, 2021

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Moscow, Russia - 29 June 2021 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that Fitch Ratings ("Fitch") has upgraded the Company's corporate rating to "BBB-" with a stable outlook from "BB+"/stable.
  • Alexey Voronov, Deputy CEO - Chief Financial Officer of Metalloinvest, commented:
    "We are delighted that Fitch recognises the Company's track record of corporate governance improvements, prudent financial policy and overall strong credit metrics.
  • Investment grade is a great achievement that the Company was able to deliver after 10 years of presence in international capital markets, following its debut Eurobond issue in 2011."