EvrazHolding Finance Closes Order Book for Bond Issue
OREANDA-NEWS. June 06, 2011. EvarzHolding Finance, part of EVRAZ Group, closed the order book for series 05 with a RUB 5 billion nominal and series 07 bonds with a RUB 15 billion nominal with a five-year put option on each series from the date of sale commencement and maturity in 3640 days, collateralized by EVRAZ Group S.A. The series 05 and series 07 bonds will reach maturity 10 years from the date of sale commencement.
Over the course of book building, applications were submitted by 51 investors with coupon rates ranging between 8,25% and 8,75% annually. Overall demand during book building for the series 05 and series 07 bonds amounted to R 33,4 bln.
Based upon the book building results, coupon percentage for the series 05 and series 07 bonds was set at 8,40% annually. Given the market situation, cost of placement, interest rates and existing demand, EvrazHolding Finance decided to satisfy 51 investor applications.
Settlements under the deal will take place upon bond delivery on the MICEX on June 09, 2011 for the series 05 bonds, and on June 07, 2011 for the series 07 bonds.
The issue is lead-managed by Gazprombank, Sviaz-Bank and Troika Dialog.
The issue’s Co-Lead Manager is GLOBEX Bank
The issue’s Underwriters are OTKRITIE Bank, RON Invest, Russian Agricultural Bank, Uglemetbank.
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