By Susanna Moon
Chicago, April 5 - Mechel OAO said it placed RUB 15 billion of BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds Wednesday.
The bonds mature in 1,092 days and have a coupon of 11¼%.
Proceeds will be used to refinance short-term debt.
The five series of bonds will be listed on the Micex Stock Exchange on Tuesday.
Coalmetbank OAO is the agent. VTB Capital ZAO and Coalmetbank are the bookrunners.
Mechel is a Moscow-based mining and metals company.
| Issuer: | Mechel OAO
|
| Issue: | BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds
|
| Amount: | RUB 15 billion
|
| Maturity: | 1,092 days
|
| Coupon: | 11¼
|
| Bookrunners: | VTB Capital ZAO and Coalmetbank OAO
|
| Agent: | Coalmetbank OAO
|
| Pricing date: | April 4
|
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