By Susanna Moon
Chicago, Oct. 20 - Evraz Group SA said its wholly owned subsidiary, OOO Sibmetinvest, plans to issue RUB 20 billion of bonds at a coupon rate of 13½%.
The bonds will mature in 2019 and have a five-year put option.
The bond placement is expected to close on Thursday.
Proceeds from the issue will be used to refinance Evraz's short-term debt.
Evraz is a Moscow-based vertically integrated steel and mining concern.
| Issuer: | OOO Sibmetinvest
|
| Issue: | Bonds
|
| Amount: | RUB 20 billion
|
| Maturity: | 2019
|
| Coupon: | 13½%
|
| Price: | Par
|
| Yield: | 13½%
|
| Put option: | Five years
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 22
|
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