Evraz Group S.A announces it has priced a RUB 20 billion bond at a coupon rate of 13.5% per annum. The bonds to be issued by a wholly owned subsidiary of Evraz, OOO Sibmetinvest will mature in 2019 and will have a 5 year put option.
The bond placement is expected to be completed on October 22nd 2009.
Proceeds from the issue are intended to be used to refinance Evraz short term debt.
Troika Dialog and VTB Capital are acting as Joint Bookrunners of the issue.
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