By Aaron Hochman-Zimmerman
New York, April 17 - Evraz Group SA (Ba2/BB-/BB) priced $1.6 billion of bonds in five-year and 10-year tranches, according to a market source.
The $1.05 billion five-year bonds priced at par with a coupon of 8 7/8%.
The $550 million 10-year bonds priced at par with a coupon of 9½%.
Both tranches matched their talk.
Deutsche Bank, UBS, ABN Amro and Calyon acted as bookrunners for the deal.
Evraz is a Moscow-based vertically integrated steel and mining business with operations primarily in Russia.
| Issuer: | Evraz Group SA
|
| Amount: | $1.6 billion
|
| Bookrunners: | Deutsche Bank, UBS, ABN Amro, Calyon
|
| Pricing date: | April 17
|
| Settlement date: | April 24
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
|
|
| Five-year tranche
|
| Amount: | $1.05 billion
|
| Issue: | Bonds
|
| Maturity: | April 24, 2013
|
| Coupon: | 8 7/8%
|
| Price: | Par
|
| Yield: | 8 7/8%
|
| Price talk: | 8 7/8%
|
|
|
| Ten-year tranche
|
| Amount: | $550 million
|
| Issue: | Bonds
|
| Maturity: | April 24, 2018
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Price talk: | 9½% |
|
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