March 14, 2014 / 7:52 AM / 3 years ago

Russia's Mechel in talks with Alfa Bank on early debt repayment

MOSCOW (Reuters) - Russian coal miner and steelmaker Mechel (MTLR.MM) (MTL.N) is in talks with Alfa Bank, Russia's largest private bank, on paying off a $150 million debt early, Mechel said on Friday.

The company's press-service said in an emailed comment that Alfa Bank had asked for the early repayment and the two sides were in discussions.

Mechel, controlled by businessman Igor Zyuzin, has a net debt of $9.4 billion and is also discussing debt refinancing with several banks, including state-owned Vnesheconombank, VEB, the steelmaker added.

Reporting by Svetlana Burmistrova; Writing by Polina Devitt, editing by Elizabeth Piper

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below