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EVRAZ Priced RUB 20 Billion Bond Issue

Steel News - Published on Mon, 29 Jul 2019

Image Source: wikipedia.org
EVRAZ plc announced that it has priced a 5 year 20 billion rouble bond (approx. USD 317 million) at a coupon rate of 7.95% per annum. The bonds are issued by EVRAZ's subsidiary, OOO EvrazHolding Finance, and guaranteed by EVRAZ plc. The book was closed on 25 July 2019. The settlement is expected to be completed on 5 August 2019.

Proceeds from the issue will be used to refinance the EVRAZ's existing debt (thus not increasing the total debt level) and will help to lower the average weighted cost of debt and extend maturities.

Sberbank CIB, VTB Capital and Alfa-Bank are acting as Joint Lead Managers.

Source :

Posted By : Ratan Singh on Mon, 29 Jul 2019
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