EVRAZ Priced 15 Billion Rouble Bond Issue
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.
For further information:
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871