EVRAZ Priced 20 Billion Rouble Bond Issue (8520H)
June 03 2011 - 9:35AM
UK Regulatory
TIDMEVR
RNS Number : 8520H
Evraz Group S.A.
03 June 2011
EVRAZ Priced 20 Billion Rouble Bond Issue
3 June 2011 - EVRAZ Group S.A. (LSE: EVR) ("EVRAZ") announces
that it has priced a 20 billion 5-year rouble bond (approx. US$710
million) at a coupon rate of 8.40% per annum. The bonds are issued
by EVRAZ's subsidiary, OOO EvrazHolding Finance, and guaranteed by
EVRAZ Group.
The closing and settlement is expected to be completed on 7 June
2011 for the RUB 15 billion bonds series 07 and on 9 June 2011 for
RUB 5 billion bonds series 05.
Proceeds from the issue will be used to refinance the EVRAZ's
existing debt, thus not increasing the total debt level.
Gazprombank, Sviaz-Bank and Troika Dialog are acting as Joint
Lead Managers and Bookrunners. GLOBEX bank is a Co-lead Manager,
and OTKRITIE Bank, RON Invest, Russian Agricultural Bank,
Uglemetbank are Underwriters.
###
For further information:
Media contact: Oleg Kuzmin VP, Corporate Communications +7 495
937 6871 media@evraz.com
Investor contact: Alexander Boreyko Director, Investor Relations
+7 495 232 1370
ir@evraz.com
EVRAZ GROUP S.A. (EVRAZ) is a vertically-integrated steel,
mining and vanadium business with operations in the Russian
Federation, Ukraine, USA, Canada, Czech Republic, Italy and South
Africa. In 2010, the Company produced 16.3 million tonnes of crude
steel and sold 15.5 million tonnes of steel rolled products.
EVRAZ's internal consumption of iron ore and coking coal is covered
by its mining operations. EVRAZ's consolidated revenues for the
year ended 31 December 2010 were US$13,394 million and consolidated
adjusted EBITDA amounted to US$2,350 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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