Metinvest has fully paid off its 2026 bonds

Metinvest B.V., the parent company of the international vertically integrated iron and steel group of companies (“Metinvest”), has announced the full and timely payment on its 2026 bonds. This is stated in the group’s press release.

“The group has successfully completed the redemption of its 2026 bonds, marking another important milestone for Metinvest amid the war,” the statement notes.

The redemption was carried out using the Group’s own cash flow, specifically through the optimization of working capital. To date, the Group has fully redeemed three bond issues, with the total amount of payments on these instruments exceeding $1 billion.

As noted by Yuriy Ryzhenkov, CEO of the Metinvest Group, as market conditions improve, the company will continue to explore opportunities to raise financing in the debt capital markets in line with its needs.

“This repayment confirms the group’s disciplined approach to financial management and consistent fulfillment of its obligations to stakeholders,” he emphasized.

As a reminder, Metinvest maintained relative production stability in 2025. Pig iron output for the period decreased by 2%, and steel output by 4%. Raw steel production remained at the 2024 level, while finished steel product output increased by 8%.

As reported by GMK Center, the group recorded a net loss of $191 million last year, compared to a loss of $1.15 billion the year before. The biggest pressure on results came from the loss of Pokrovsk coal and the decline in the mining segment.