26.06.2015, 01:44
EVRAZ Priced 15 Billion Rouble Bond Issue
OREANDA-NEWS. June 26, 2015. EVRAZ plc (LSE: EVR) ("EVRAZ") announces that it has priced a 4-year 15 billion rouble bond (approx. US\\$275 million) at a coupon rate of 12.95% per annum. The bonds are issued by EVRAZ's subsidiary, OOO EvrazHolding Finance, and guaranteed by Evraz Group S.A.
The closing and settlement is expected to be completed on 1 July 2015.
Proceeds from the issue will be used to refinance the EVRAZ's existing debt, thus not increasing the total debt level.
Sberbank CIB, VTB and Sviaz-Bank are acting as Joint Lead Managers and Bookrunners. KIT-Finance and RONIN are acting as Co-Lead Managers.
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