Evraz places 6-year euro bonds for $750 mln at 5.375% per annum

Nadezhda Ivanova's picture

Evraz Group S.A. places euro bonds in dollars with the settlement in 6 years (the settlement is on March 20th 2023), Gazprombank reports.

On the results of the bookbuilding the coupon rate was set at 5.375% per annum, volume of the offer is $750 mln. Oversubscription made up over $2 bln.

The initial coupon rate was about 5.5% per annum, in the process of the boobuiling it was reduced to 5.25-5.375% per annum. The technical offering is planned for March 20th 2017. The organizers of the issue are Citi, Deutsche Bank, GAZPROMBANK, J.P. Morgan and VTB Capital.

Evraz gets ready to purchase the previous issues of euro bonds of 3 series with the settlement in 2018 and 2020 for the total amount of up to $952.5 mln. The results are summed up on March 13th.


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