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Emerging MarketsEM CEE

Ferrexpo exchange offer draws $214m, minimum participation condition waived

Ferrexpo, a Ukrainian iron ore pellet exporter, has attracted bondholders holding $214.3m of its $500m 7.875% 2019s to its exchange offer. The minimum participation condition of 60% of the notes was not satisfied but the issuer has decided to waive it in order to accept the notes.

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