Metinvest sets roadshow for dual-tranche offering of dollar notes

By Rebecca Melvin

New York, March 20 – Ukraine’s Metinvest BV will begin roadshow meetings on Wednesday for a planned dual-tranche offering of dollar-denominated notes with maturities of between five and eight years, according to a market source on Tuesday.

Meetings for the Rule 144A and Regulation S notes, which are being priced concurrently with a tender for Metinvest’s existing $1.2 billion of notes due 2021, will wrap up March 29.

Meetings are slated to occur in London, Amsterdam, Frankfurt, Zurich, New York and Boston.

Deutsche Bank AG, ING Bank NV, Natixis, and UniCredit are bookrunners for the new notes.

The early tender date for the existing notes is April 3, and the final deadline for tendering is April 19.

Metinvest is a Donetsk, Ukraine-based holding company of a group of mostly Ukrainian steel and mining assets.

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