By Aaron Hochman-Zimmerman
New York, June 15 - Severstaltrans Group matched talk and completed the sale of its $175 million three-year notes by pricing them at par to yield 8½%, according to a market source.
The bonds mature on June 22, 2010.
The bonds are putable in two years. They may be called at 102% at the end of each quarter after the issue date for the first year. At the fifth and sixth quarters they may be called at 101.25%, and 100.75% at the seventh and eighth quarters. They are callable at face value after two years.
The deal was marketed under Regulation S.
Severstaltrans Group is a rail, port services and transportation company operating in Russia, CIS and Baltic states.
Issuer: Severstaltrans Group
Amount: $175 million
Issue: Three-year notes
Maturity: June 22, 2010
Coupon: 8½%
| Price: | Par
|
| Yield: | 8½%
|
| Bookrunners: | ING
|
| Pricing date: | June 15
|
| Settlement date: | June 22
|
| Distribution: | Regulation S
|
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