RHI Magnesita in bonds early redemption

Refractory products specialist RHI Magnesita announces that Magnesita Refratarios has given notice for the early redemption of US$70m of its US$250m 8.625% Perpetual Notes, to be effected on January 26, 2018, at a price equal to 100% of the principal amount plus accrued and unpaid interest.

RHI says this initiative is in connection with its focus on strengthening its financial positon, improving free cash flow and reducing its interest expenses.

At 8:06am: (LON:RHIM) Rhi Magnesita N.v. Ord Eur1.00 Di share price was +19p at 3934p