The FFMS has registered Series 18 -20 bonds of Magnitogorsk Iron & Steel Works. The bonds will be sold through public offering. The issues were assigned state registration numbers 4-18-00078-A - 4-20-00078-A on October 30th 2012. Series 18 and 19 issues are worth RUB 5 billion per issue; Series 20 issue is worth RUB 10 billion. The issues have a 10 year tenor.

MMK (Magnitogorsk, Russia) is the largest metallurgical complex in Russia with a full production cycle. MMK issued total of 885,800 shares of which 75% are ordinary stock and 25% are preferred. Out of them 62.3% are held by Russian private stockholders, 23.8% by the government and 13.6% by foreign private investors. MMK is the largest metallurgical complex in Russia with a full production cycle.

MMK issued total of 885,800 shares of which 75% are ordinary stock and 25% are preferred. Out of them 62.3% are held by Russian private stockholders, 23.8% by the government and 13.6% by foreign private investors. The Magnitogorsk Iron and Steel Works OJSC is the largest enterprise of Russia’s iron and steel industry and one of the world's largest steel producers.

MMK’s plant in Russia is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out the broad range of steel products with a predominant share of downstream value added goods. A significant portion of its output is exported to various parts of the world.

Source - Cbonds.info

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