July 22 Magnitogorsky Metallurgic Plant (MMK) covered the 6th coupon of the BO-07th released in the volume of 5bn rub. and an issue on the whole due to the expiration of the maturity period, the company informed.
The payment demanded 180.75mln rub. (36.15 rub./pcs).
The issue placed through the open offering in 2011 includes 5mln bonds of 1ths rub. par and 3-year maturity. The 1st-6th coupon rate was fixed at 7.25%. The issue was arranged by URALSIB FC, Svyaz-bank.
MMK (TIN 7414003633) is the largest metallurgic plant in Russia. It is of the close-cycle production process. It has the largest assortment of metal products in Russia and CIS. In 2010 11.4mln ton of steel and 10.4mln ton of metal commodities were produced.
The 9-month 2013-net losses reached (IAS) $274mln vs. $47mln in profit prior year period; revenues declined 12.93% to $6.321bn from $7.26bn; operating profit - 34.38 fold to $8mln from $275mln; EBITDA - 26.42% to $780mln from $1.06bn; EBITDA margin coming to 12.3% from 14.6%.
The 2013-net losses gained 54.924bn rub. (RAS) vs. 7.925bn rub. in profit prior year; revenues declined 7.58% to 224.642bn rub. from 243.059bn rub.; profit from sales - 46.06% to 12.038bn rub. from 22.319bn rub.; pretax losses coming to 56.723bn rub. vs. 11.399bn rub. in profit