Mechel Shares Jump to Highest in 3 Months on Debt Restructuring
- Russia's largest coking coal producer issues $5 billion terms
- Shareholders scheduled to vote on borrowing plan on March 4
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Mechel OJSC shares jumped to the highest in three months as Russia’s largest coking coal producer published the terms of a $5 billion debt restructuring with major lenders.
Mechel advanced as much as 9.1 percent to 69.79 rubles, its highest level since Oct. 30, and was up 5 percent at 67.16 rubles by 11:47 a.m. in Moscow.