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Published on 12/4/2015 in the Prospect News Emerging Markets Daily.

EM-focused Evraz Group plans to issue new notes

By Christine Van Dusen

Atlanta, Dec. 4 – Emerging markets-focused Evraz Group SA is looking to issue new notes as part of a tender offer, according to a company filing.

The company has invited holders of the outstanding $600 million 7.4% notes due in 2017, the $550 million 9½% notes due 2018 and the $850 million 6¾% notes due in 2018 to tender their notes for cash.

The new unsecured and unsubordinated notes will be issued “in order to extend the maturity of a portion of the group’s indebtedness,” the company said.

Evraz is a London-based steel producer operating mainly in Russia.


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