MMK repays debt of MMK Metalurji in full

The decision to repay the outstanding debt of the project in full was taken as part of the Group’s programme to reduce total debt. This transaction will significantly improve the Group’s balance sheet (because the debts were secured loans) and reduce future interest payments.

MMK Group raised more than $1 billion in loans due in 2019 to fund construction of a plant in Turkey, which it launched in 2007.

Currently, MMK Group benefits from a low debt level, which is also reflected in its strong credit ratings and supports the Company’s financial strength in the current market environment.