New Issue: Evraz sells $150 million 8 7/8% three-year notes to yield 9 1/8%

By Paul A. Harris

St. Louis, Sept. 25 - GMT Evraz Securities sold $150 million of 8 7/8% notes due Sept. 25, 2006 (B3/B) at 99.357 on Sept. 19 to yield 9 1/8%, according to a market source.

ING was bookrunner on the Regulation S offering.

The issuer is a Russian steel company.

Issuer:	GMT Evraz Securities
Amount:	$150 million
Maturity:	Sept. 25, 2006
Bookrunner:	ING
Coupon:	8 7/8%
Price:	99.357
Yield:	9 1/8%
Spread:	698 basis points
Trade date:	Sept. 19
Settlement date:	Sept. 25
Ratings:	Moody's: B3
	Standard & Poor's: B
Distribution:	Regulation S

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