Cognor redeem eurobonds

Huta Stali Jakościowych, a subsidiary of Cognor, has announced a public call to purchase senior secured notes on foreign markets maturing in 2020 worth €100 million, the company said. The offer is valid until December 24, 2015, the notes are to be purchased by the company's own means in the so called modified Dutch auction. Cognor was established in 1991, initially operating on the wholesale and retail sale of steel products. Since 1994 the company has been listed on the Warsaw Stock Exchange and since 2006 has become part of a bigger production group operating in the field of production and distribution of steel products.