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Evraz Prices 20 Billion Roubles Bond Issue
10/21/2009 - Evraz Group prices a 20-billion-rouble bond (approximately US$683 million) at a coupon rate of 13.5% per annum.
Evraz Group S.A. has priced a 20-billion-rouble bond (approximately US$683 million) at a coupon rate of 13.5% per annum.
The bonds will be issued by OOO Sibmetinvest, a wholly owned subsidiary of Evraz. They will mature in 2019 and will have a 5-year put option.
Evraz said that it intends to use proceeds from the issue to refinance its short-term debt.
The bond placement is expected to be completed on 22 October 2009. Troika Dialog and VTB Capital are acting as Joint Bookrunners of the issue.
