Published on 4/18/2012 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Russia's Evraz prices $600 million 7.4% five-year notes at par
By Aleesia Forni
Columbus, Ohio, April 18 - Evraz Group SA (Ba3/B+/BB-) priced a $600 million issue of 7.4% five-year notes at par on Tuesday, according to a market source.
Price talk was set in the 7¾% area.
As reported, Citigroup, JPMorgan and Troika Dialog were the arrangers for the Rule 144A and Regulation S notes.
Evraz is a Moscow-based steel producer.
Issuer: | Evraz Group SA
|
Issue: | Notes
|
Amount: | $600 million
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Maturity: | April 24, 2017
|
Managers: | Citigroup, JPMorgan, Troika Dialog
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Coupon: | 7.4%
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Price: | Par
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Yield: | 7.4%
|
Distribution: | Rule 144A and Regulation S
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Trade date: | April 17
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Settlement date: | April 24
|
Ratings: | Moody's: Ba3
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| Standard & Poor's: B+
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| Fitch: BB-
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Price talk: | 7¾% area
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