MMK could offer further 50 bln rubles in bonds

摘要

Directors at Magnitogorsk Iron & Steel Works (MMK) have given the green light to a further ten issues of commercial paper in the form of three-year exchange bonds worth a total of 50 billion rubles, the company said on February 15. MMK plans to place series six to 15 exchange bonds. Series one to five totaled 33 billion rubles and have already been placed. Meanwhile, the MMK) board of directors has called the annual shareholder meeting for May 20, MMK said in a statement.