Metalloinvest may place Eurobonds for debt repayments

摘要

Alisher Usmanov's iron ore and steel holding OJSC Metalloinvest will be looking more at public debt obligations - Eurobonds or ruble-denominated bonds, for example - than at bank credits for the repayment of $600 million in debts in the second half of this year and $1 billion next year, according to a report by Morgan Stanley analysts from a mining and extraction conference.Metalloinvest expects that the average price for a tonne of iron ore will be $130 this year - considering that $110 is the profitability threshold even for some Chinese producers. Severstal has made the same forecast for H2: $130-$ 140 per tonne.