By Devika Patel
Knoxville, Tenn., Oct. 30 - Novolipetsk Steel OJSC said it will sell RUB 16.21 billion in 10¾% bonds.
The bonds mature in 1,092 days. Each bond has a par value of RUB 1,000.
Proceeds will be used to refinance the company's short-term debt and for other corporate purposes.
Gazprombank and Troika Dialog are the lead managers of the offering.
Novolipetsk is a Lipetsk, Russia-based steel company.
| Issuer: | Novolipetsk Steel OJSC
|
| Issue: | Bonds
|
| Amount: | RUB 16,211,000,000
|
| Maturity: | Three years
|
| Lead managers: | Gazprombank and Troika Dialog
|
| Coupon: | 10¾%
|
| Price: | Par of RUB 1,000
|
| Yield: | 10¾%
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
