Evraz Group S.A. announces terms of eurobond issue
Moscow, November 4, 2005 – Evraz Group S.A. (LSE: EVR), one of the leading vertically- integrated steel production and mining businesses with operations mainly in Russia, today announces the terms for the placement of a new issue of US$750 million of Guaranteed Notes (“Notes”) due 2015. The Notes will carry a coupon of 8.25% and a yield of 8.5%.
The notes are to be issued by Evraz Group S.A., and guaranteed by Mastercroft Limited, a wholly owned subsidiary of Evraz Group S.A.It is intended that the Notes will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's market for listed securities.
The net proceeds will be used to repay existing indebtedness, to pursue the acquisition of additional mining assets and for general corporate purposes.
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