Moscow. July 13. INTERFAX.RU – Severstal has proposed to holders of dollar-denominated Eurobonds maturing in 2022 to approve a change in the procedure for servicing debt securities, allowing payments in rubles to certain categories of investors.

The company also offers holders to agree to early redemption of Eurobonds at the end of August.

Severstal said it was offering Eurobond holders to consent and authorize the issuer or the company itself to make any interest or principal payments directly. At the same time, payments will be made in rubles to investors who, as of July 27, own Eurobonds through NSD or other Russian depositories that have accounts with Euroclear or Clearstream. The corresponding payment obligations to these investors will be considered fulfilled when the funds are received by NSD or another Russian depository.