Issue of Debt
April 18 2008 - 3:01AM
UK Regulatory
RNS Number:6237S
Evraz Group S.A.
18 April 2008
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR RUSSIA
Evraz Group successfully places US$1.6 billion in Eurobonds
April 18, 2008 - Evraz Group successfully completed its 144A / Reg S bond
transaction totaling US$1.6 billion, consisting of 5-year and 10-year tranches.
The US$1,050 million 5-year bond issue priced at 100% with a coupon of 8.875%.
The US$550 million 10-year bond issue priced at 100% with a coupon of 9.50%.
The securities have been rated Ba3 (Moody's) / BB- (S&P) / BB (Fitch).
Application has been made to list the securities on the London Stock Exchange.
Evraz intends to use the net proceeds for general corporate purposes, including
financing of the recently announced acquisition of IPSCO Tubulars.
The transaction was lead-managed by ABN AMRO, CALYON, Deutsche Bank and UBS
Investment Bank.
###
For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com
This press release does not constitute an offer for sale of any securities of
EVRAZ GROUP S.A. in the United States. Any securities of EVRAZ GROUP S.A. may
not be offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended (the "
Securities Act"), and the rules and regulations thereunder. EVRAZ GROUP S.A. has
not registered, and does not intend to register, any portion of the offering in
the United States or to conduct a public offering of any securities in the
United States.
This press release is not an invitation nor is it intended to be an inducement
to engage in investment activity for the purpose of Section 21 of the Financial
Services and Markets Act 2000 of the United Kingdom (the "FSMA"). To the extent
that this press release does constitute an inducement to engage in any
investment activity, it is directed only at (i) persons who are outside the
United Kingdom, (ii) persons who are investment professionals within the meaning
of Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial
Promotion Order"); (iii) persons who fall within Articles 49(2)(a) to (d) ("high
net worth companies, unincorporated associations etc.") of the Financial
Promotion Order; and (iv) any other persons to whom this press release for the
purposes of Sectio 21 of FSMA can otherwise lawfully be made (all such persons
together being referred to as "relevant persons"), and must not be acted on or
relied upon by persons other than relevant persons. Any invitation or
inducement to engage in any investment activity included within the press
release is available only to relevant persons and will be engaged in only with
relevant persons. Anyone other than a relevant person must not rely on this
press release.
Stabilisation/FSA.
This document is not a prospectus and, to the extent that it may constitute an
advertisement, does not constitute or form part of any offer or invitation to
sell or any solicitation of any offer to purchase any securities nor shall it
(or any part of it) or the fact of its distribution form the basis of, or be
relied on in connection with, the offering of any securities. Investors should
not subscribe for any securities referred to in this document except on the
basis of the information contained in the prospectus relating to the securities.
This document is an advertisement for the purposes of applicable measures
implementing Directive 2003/71/EC (such Directive, together with any applicable
implementing measures in the relevant home Member State under such Directive,
the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus
Directive is intended to be published, which, if published, can be obtained in
accordance with the applicable rules.
Neither this press release nor any copy of it may be taken or transmitted into
the United States, Australia, Canada, Japan or Russia. The offering and the
distribution of this press release and other information in connection with the
offering in certain jurisdictions may be restricted by law and persons into
whose possession any document or other information referred to herein comes
should inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.
Forward-looking statements. Some of the information in this press release may
contain projections or other forward-looking statements regarding future events
or the future financial performance of EVRAZ GROUP S.A. Such statements may be
identified by terms such as "expect", "believe", "anticipate", "estimate", "
intend", "will", "could", "may" or "might", the negative of such terms or other
similar expressions. We caution you that these statements are not guarantees of
future performance and future performance involves risks, uncertainties, and
assumptions that we cannot predict with certainty. Accordingly, our actual
outcomes and results may differ materially from what we have expressed or
forecasted in the forward-looking statements. We do not intend to update these
statements to make them conform with actual results.
Under Russian law, the securities referred to in this document are securities of
a foreign issuer. These securities are not eligible for initial offering and
circulation in the Russian Federation. Neither the issue of these securities
nor a securities prospectus in respect of these securities has been, or is
intended to be, registered with the Federal Service for Financial Markets ("FSFM
"). The information provided in this document is not an offer, or an invitation
to make offers, to sell, exchange or otherwise transfer these securities in the
Russian Federation or to any Russian residents except as may be permitted by
Russian law.
Evraz Group S.A. is one of the largest vertically-integrated steel and mining
businesses. In 2007, Evraz Group produced 16.4 million tonnes of crude steel.
Evraz Group's principal assets include three of the leading steel plants in
Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and
Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Evraz
Vitkovice Steel in the Czech Republic, Evraz Oregon Steel Mills and Claymont
Steel in the USA. Its fast-growing mining businesses comprise Evrazruda, the
Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes,
Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company.
The mining assets enable Evraz Group to be a vertically-integrated steel
producer. Evraz Group also owns and operates the Nakhodka commercial sea port,
in the Far East of Russia. Evraz vanadium operations comprise Strategic Minerals
Corporation, USA, and Highveld Steel and Vanadium Corporation, South Africa. For
further information visit www.evraz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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