Sberbank is continuing debt restructuring talks with debt-ridden mining group Mechel and its main creditors, despite the fact that the company has not paid anything to the bank for over a year. As of June 15th, Mechel's debt was $6.772bn. On Monday, Mechel signed a debt-restructuring deal worth $$506.38m and RUB 33.7bn (1.4bn) with Gazprombank.
Sberbank is continuing debt restructuring talks with debt-ridden mining group Mechel and its main creditors, despite the fact that the company has not paid anything to the bank for over a year. As of June 15th, Mechel's debt was $6.772bn. On Monday, Mechel signed a debt-restructuring deal worth $1.4bn and RUB 33.7bn ($506.38m) with Gazprombank.