OREANDA-NEWS. November 24, 2007. Mechel ОАО (NYSE:MTL), the Russia's leading mining and metal company, announces the Company redeemed all of its outstanding triennial certificated interest-bearing inconvertible bonds payable to bearer of series 01 with obligatory centralized keeping.

The series 01 bonds were issued in November, 2004. The number of the bonds placed was 2 million. Par value of one bond was 1,000 rub and the total amount of the bonds redeemed was 2 billion rub.

Currently, Mechel has the following two bonds on the stock market: Mechel Trade House bonds, placed in June, 2003 with six years bonded loan totaling 3 billion rub and placed in June, 2006 second issue bonds Mechel OAO with 5 billion rub total amount, which is included in first level quotation list "А" on Moscow Interbank Currency Exchange (MICEX).