Russia's Severstal revives five-year dollar-denominated note offering

By Christine Van Dusen

Atlanta, July 19 - Russia's OAO Severstal has revived plans for a five-year issue of dollar-denominated notes, a market source said Tuesday.

The notes were whispered with a yield of 6¼% to 6 3/8%.

Goldman Sachs and Barclays Capital are the bookrunners for the deal.

Severstal is a steel and mining company based in Cherepovets, Russia.

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