Mechel's net debt grows 4.4% to $9.4 bln since end Q3
MOSCOW. Dec 23 (Interfax) - Mechel's net debt grew 4.4% to $9.4 billion between September 30 and December 6, the coal and steel group said in information.
Net debt fell to $9 billion from $9.55 billion between June 1 and during Q3, 2013. Net debt was $9 billion as of June 30, Mechel said in an earnings report to US GAAP on December 23. The company had not previously disclosed debt as of June 30.
Mechel says in its information that 69% of the debt is owed to Russian banks, 20% to foreign banks and 11% is owed on bonds. The company said 58% of the debt consists of ruble-denominated borrowing, 35% - dollars and 7% - euros.
Peak repayments fall in 2014-2016 and will exceed $7 billion. Mechel is due to repay $2.034 billion in 2014, $2.461 billion in 2015 and $2.527 billion in 2016.