By Reshmi Basu
New York, July 27 - EvrazSecurities SA priced $150 million of five-year guaranteed notes (B3/B) at par to yield 10 7/8%, according to a market source.
The deal, downsized to $150 million from $200 million, came directly in line with price talk of 10 7/8%.
Credit Suisse First Boston and ING are running the books for the Regulation S deal for the Russian steel company.
Issuer: EvrazSecurities SA
| Amount: | $150 million
|
| Issue: | Guaranteed notes
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| Maturity: | August 3, 2009
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| Coupon: | 10 7/8%
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| Issue price: | Par
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| Yield: | 10 7/8%
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| Call: | | Non-callable
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| Pricing date: | July 27
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| Settlement date: | August 3
|
| Bookrunners: | Credit Suisse First Boston, ING
|
| Ratings: | Moody's: B3
|
| Fitch: B
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