New Issue: Russia’s NLMK prices $700 million 4½% notes due 2023 at par

By Christine Van Dusen

Atlanta, June 9 – NLMK Group priced $700 million seven-year loan participation notes (BB+) at par to yield 4½% on Wednesday, a market source said.

Deutsche Bank, ING, JPMorgan and Societe Generale CIB were the bookrunners for the deal.

The notes were issued alongside a tender offer.

NLMK is based in Lipetsk, Russia.

Issuer:	NLMK Group
Amount:	$700 million
Maturity:	June 15, 2023
Description:	Loan participation notes
Bookrunners:	Deutsche Bank, ING, JPMorgan, Societe Generale CIB
Coupon:	4½%
Price:	Par
Yield:	4½%
Trade date:	June 8
Settlement date:	June 15
Rating:	S&P: BB+

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