By Christine Van Dusen
Atlanta, April 19 - Russia's Evraz Group SA sold $850 million notes due April 27, 2018 (B1/B+/BB-) at par to yield 6¾%, a market source said.
The notes priced at the high end of talk, which was set at 6 5/8% to 6¾%.
Goldman Sachs, ING and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
Evraz is a Moscow-based vertically integrated steel and mining concern.
Issuer: | Evraz Group SA
|
Description: | Notes
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Amount: | $850 million
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Maturity: | April 27, 2018
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Bookrunners: | Goldman Sachs, ING, VTB Capital
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Coupon: | 6¾%
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Price: | Par
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Yield: | 6¾%
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Trade date: | April 19
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Settlement date: | April 27
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Ratings: | Moody's: B1
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| Standard & Poor's: B+
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| Fitch: BB-
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Distribution: | Rule 144A/Regulation S
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Price talk: | 6 5/8% to 6¾%
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