By Reshmi Basu
New York, July 27 - EvrazSecurities SA priced $150 million of five-year guaranteed notes (B3/B) at par to yield 10 7/8%, according to a market source.
The deal, downsized to $150 million from $200 million, came directly in line with price talk of 10 7/8%.
Credit Suisse First Boston and ING are running the books for the Regulation S deal for the Russian steel company.
Issuer: EvrazSecurities SA
Amount: | $150 million
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Issue: | Guaranteed notes
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Maturity: | August 3, 2009
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Coupon: | 10 7/8%
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Issue price: | Par
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Yield: | 10 7/8%
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Call: | | Non-callable
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Pricing date: | July 27
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Settlement date: | August 3
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Bookrunners: | Credit Suisse First Boston, ING
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Ratings: | Moody's: B3
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| Fitch: B
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