March 14, 2014 / 7:51 AM / 4 years ago

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

MOSCOW (Reuters) - Russian coal miner and steelmaker Mechel (MTLR.MM) (MTL.N) 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

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