New Issue: Russia’s Severstal prices $500 million notes due 2022 at 3.85% yield

By Christine Van Dusen

Atlanta, Feb. 17 – Russia’s OAO Severstal priced $500 million of notes due in 2022 at a yield of 3.85%, a market source said.

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

Other details were not immediately available on Friday.

Severstal is a Cherepovets, Russia-based steel company.

Issuer:	OAO Severstal
Amount:	$500 million
Maturity:	2022
Description:	Notes
Bookrunners:	Citigroup, ING, JPMorgan, Societe Generale CIB
Yield:	3.85%
Trade date:	Feb. 16

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