OREANDA-NEWS. March 4, 2011. Metinvest (“the Company”), the international vertically integrated mining and steel group of companies, announced that its subsidiary, JSC Azovstal Iron and Steel Works, the second largest Ukrainian steel producer, has made the last coupon payment and redeemed 100% of its 5-year USD denominated debut Eurobond issue on February 28, 2011.

The USD  175 million issue with a coupon of 9.125% was placed on February 28, 2006. ING Bank N.V. and Moscow Narodny Bank Limited (currently known as VTB Capital plc) acted as the Joint Lead Mangers of the issue.