Ferrexpo PLC Bond Transaction Update (2787Y)
20 2월 2013 - 8:01PM
UK Regulatory
TIDMFXPO
RNS Number : 2787Y
Ferrexpo PLC
20 February 2013
20 February 2013
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Bond Transaction Update
As previously announced on 30 January 2013, Ferrexpo has been
meeting with bond investors to gauge interest for a potential
USD-denominated senior unsecured Reg S / 144A Eurobond issue.
Ferrexpo would like to thank investors for their high level of
interest and for the productive investor meetings.
The Company has decided not to proceed with a bond transaction
at this time given the widening in credit spreads since the
beginning of February, the Group's current robust liquidity
position and other available sources of financing. Ferrexpo intends
to maintain a long term dialogue with investors and will continue
to review the international debt capital markets as a potential
source of financing subject to market conditions.
For further information, please
contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Pelham Bell Pottinger
Charles Vivian +44 207 861 3126
Lorna Spears +44 207 861 3883
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It is principally involved in the production and export
of high quality iron ore pellets, which are used in the manufacture
of steel. Ferrexpo's resource base is one of the largest iron ore
deposits in the world. Its current producing asset, FPM, produced
approximately 10 million tonnes of iron ore pellets in 2012 making
it the largest exporter of pellets in the CIS. The Company has a
diversified customer base supplying steel mills in Austria,
Slovakia, Czech Republic, Germany and other European states, as
well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is
listed on the main market of the London Stock Exchange under the
ticker FXPO. For further information, please visit
www.ferrexpo.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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