By Christine Van Dusen
Atlanta, April 15 - Russia's Evraz Group SA sold $1 billion 6½% notes due April 22, 2020 at par to yield 6½%, a market source said.
The notes were talked at a yield in the 6¾% area.
ING, JPMorgan and UBS were the bookrunners for the Regulation S deal.
The proceeds will b used to refinance existing debt, according to a company announcement.
Evraz Group is a Moscow-based steel producer.
| Issuer: | Evraz Group SA
|
| Amount: | $1 billion
|
| Maturity: | April 22, 2020
|
| Description: | Notes
|
| Bookrunners: | ING, JPMorgan, UBS
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Trade date: | April 15
|
| Settlement date: | April 22
|
| Distribution: | Regulation S
|
| Price talk: | 6¾% area
|
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