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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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