EM-focused Evraz to redeem $1 billion 6½% notes due 2020 at 103.891

By Marisa Wong

Morgantown, W.Va., May 23 – Evraz plc announced that the redemption price for its $1 billion 6½% notes due 2020 will be $1,038.81 per $1,000 principal amount.

The redemption price is equal to par of $1,000 plus an applicable premium of $32.41 and accrued interest of $6.50.

As previously announced, the outstanding notes will be redeemed in full on May 28.

Evraz is a vertically integrated steel making and mining company based in London with operations mainly in Russia.

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