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

MOSCOW, March 14 Fri Mar 14, 2014 3:49am EDT

MOSCOW, March 14 (Reuters) - Russian coal miner and steelmaker Mechel 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)