By Christine Van Dusen
Atlanta, April 19 - Russia's Evraz Group SA sold $850 million notes due April 27, 2018 (B1/B+/BB-) at par to yield 6¾%, a market source said.
The notes priced at the high end of talk, which was set at 6 5/8% to 6¾%.
Goldman Sachs, ING and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
Evraz is a Moscow-based vertically integrated steel and mining concern.
| Issuer: | Evraz Group SA
|
| Description: | Notes
|
| Amount: | $850 million
|
| Maturity: | April 27, 2018
|
| Bookrunners: | Goldman Sachs, ING, VTB Capital
|
| Coupon: | 6¾%
|
| Price: | Par
|
| Yield: | 6¾%
|
| Trade date: | April 19
|
| Settlement date: | April 27
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B+
|
| Fitch: BB-
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 6 5/8% to 6¾%
|
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