Bond Transaction Update

RNS Number : 7427P

Ferrexpo PLC

22 July 2010

 



22 July 2010

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Bond Transaction Update

Over the past two weeks Ferrexpo has been meeting with potential bond investors to gauge interest for a debut US Dollar bond. Ferrexpo would like to thank investors for their high level of interest in its roadshow and for the productive investor meetings.  The Company has decided not to proceed with a bond transaction at this time given its current robust liquidity position and other available sources of finance. Ferrexpo will continue to review the international debt capital markets as a potential source of financing subject to market conditions and its financing requirements.

For further information, please contact:

Ferrexpo:
Ingrid Boon	[phone]
Pelham Bell Pottinger
Charles Vivian	[phone]
James Macfarlane	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered resources company with assets in Ukraine, principally involved in the production and export of iron ore pellets, used in producing steel. Current output is approximately 9 million tonnes, most of which is exported to steelmakers around the world. The Group is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information please visit www.ferrexpo.com. 

 

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