Metinvest goes long, reprices outstanding bond

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Metinvest goes long, reprices outstanding bond

Ukrainian steel company Metinvest priced its second bond on Monday, with a spread so aggressive that it pulled its outstanding bond tighter. The new $750m seven-year note, which priced at 598.8bp over US Treasuries to yield 9%, also has the longest maturity of any Ukrainian non-sovereign issuer.

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