Evraz Group repays $175 million eurobonds
September 25, 2006 - Evraz Group S.A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, announces the repayment of $175 million of its Eurobonds, which were originally placed in September and December 2003. The Eurobonds had a term of 36 months with a coupon of 8.875 per cent.
Currently, Evraz Group has outstanding US$300 million 2009 Eurobonds and US$750 million 2015 Eurobonds.
Commenting, Pavel Tatyanin, CFO said: “We have fully repaid our debut Eurobond issue. Since 2003, when it was initially placed, Evraz has evolved to become a leading steel and mining company and has strengthened its presence on the global debt markets. On behalf of Evraz Group, I would like to thank the investment community for your support of our strategy and your confidence in our ability to deliver superior financial results.”