OREANDA-NEWS. JSC Severstal closed the order book for its issue of Eurobonds worth USD 600 mln. The bonds reach maturity five years from the date of issue and have a coupon rate of 4.45%.

Steel Capital S.A. (Luxembourg) is serving as the issuer. The Eurobonds were sold under RegS/144A and are now listed on the Irish Stock Exchange. Sberbank CIB1 was one of the arrangers of the deal. The proceeds will be used by JSC Severstal for repayment of upcoming maturities and general corporate purposes.

JSC Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, U.S., Ukraine, Latvia, Poland, Italy, Liberia and Brazil, and was founded in 1993. Severstal is listed on the Moscow Exchange and the company’s GDRs are traded on the LSE. Severstal reported revenue of USD 14.104 bln and EBITDA of USD 2.119 bln in 2012. Severstal’s crude steel production in 2012 was 15.1 million tonnes. Chief Executive of JSC Severstal – Alexey Mordashov.