By Angela McDaniels
Tacoma, Wash., July 25 – Evraz plc priced RUB 20 billion of 7.95% five-year notes through subsidiary OOO EvrazHolding Finance, according to a company news release
Sberbank CIB, VTB Capital and Alfa-Bank were the lead managers.
Proceeds will be used to refinance Evraz’s existing debt and will help to lower the average weighted cost of debt and extend maturities.
Evraz is a London-based steel and mining company that operates mainly in Russia.
Issuer: | OOO EvrazHolding Finance
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Guarantor: | Evraz plc
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Issue: | Notes
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Amount: | RUB 20 billion
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Maturity: | 2024
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Lead managers: | Sberbank CIB, VTB Capital and Alfa-Bank
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Coupon: | 7.95%
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Pricing date: | July 25
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Settlement date: | Aug. 5
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