Russia’s Magnitogorsk Iron and Steel selects banks, sets roadshow for dollar five-year notes

By Rebecca Melvin

New York, May 29 – PJSC Magnitogorsk Iron and Steel Works (MMK) announced that it has mandated banks and scheduled fixed-income investor meetings regarding a planned U.S. dollar-denominated benchmark-sized offering of five-year notes, according to a market source.

MMK has mandated Citigroup, JPMorgan and Societe Generale as joint lead managers and bookrunners for the Rule 144A and Regulation S deal.

The meetings are scheduled to be held in Moscow, Europe and the United States starting on Thursday.

The company is a steel producer based in Magnitogorsk, Russia.

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