By Wendy Van Sickle
Columbus, Ohio, March 18 – Evraz plc said it priced a five-year RUB 15 billion bond issue with a coupon of 12.6%, 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 Rosselkhozbank are joint lead managers and bookrunners.
Proceeds will be used to refinance existing debt.
Evraz is a vertically integrated steel making and mining company based in London with operations mainly in Russia.
| 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: | 2021
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| Coupon: | 12.6%
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| Bookrunners: | Sberbank CIB, VTB and Rosselkhozbank
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| Announcement date: | March 18
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| Settlement date: | March 29
|
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