Evrazholding downsized to $150 million, five-year notes talked 10 7/8% area

By Paul A. Harris

St. Louis, July 26 - Evrazholding, a financing subsidiary of the Russian steel company Evraz, downsized its offering of five-year fixed-rate guaranteed bonds to $150 million from $200 million, according to a market source.

Price talk is in the 10 7/8% area.

The notes are expected to price on Tuesday.

Credit Suisse First Boston and ING are bookrunners for the Regulation S offering.

The notes will be non-callable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.