Evraz priced RUB15bn bond issue
March 24 2010 - 1:20PM
UK Regulatory
TIDMEVR
RNS Number : 1428J
Evraz Group S.A.
24 March 2010
Evraz Priced 15 Billion Rouble Bond Issue
24 March 2010 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that it has
priced a 15 billion 3-year rouble bond (approx. US$500 million) at a coupon rate
of 9.25% per annum. The bonds are issued by Evraz's subsidiary, OOO EvrazHolding
Finance.
The closing and settlement is expected to be completed on 26 March 2010.
Proceeds from the issue are intended to be used to refinance Evraz's short-term
debt, thus not increasing the total debt level.
Troika Dialog, VTB Capital and Sviaz Bank are acting as Joint Arrangers and
Bookrunners of the issue.
###
For further information:
Media contact:
Alex Agoureev
VP, Public Relations
+7 985
122 4822
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+7
495 232 1370
ir@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. The Company is currently ranked the 15th largest steel
producer in the world based on crude steel production of 17.7 million tonnes in
2008. Evraz's internal consumption of iron ore and coking coal is fully covered
by its mining operations. Evraz's consolidated revenues for the year ended 31
December 2008 were US$20,380 million and consolidated adjusted EBITDA amounted
to US$6,323 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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