By Wendy Van Sickle
Columbus, Ohio, June 25 – Evraz plc said it priced a four-year RUB 15 billion bond issue with a coupon of 12.95%, according to a notice from the London Stock Exchange.
The bonds are issued by subsidiary OOO EvrazHolding Finance and guaranteed by Evraz Group SA.
Sberbank CIB, VTB and Sviaz-Bank are joint bookrunners.
Proceeds will be used to refinance existing debt.
Evraz is a vertically integrated steel making and mining company based in London.
| Issuer: | OOO EvrazHolding Finance
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| Guarantor: | Evraz Group SA
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| Issue: | Bonds
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| Amount: | RUB 15 billion
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| Maturity: | 2019
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| Coupon: | 12.95%
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| Bookrunners: | Sberbank CIB, VTB and Sviaz-Bank
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| Co-managers: | KIT-Finance and Ronin
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| Announcement date: | June 25
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| Settlement date: | July 1
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