Evraz Group redeems remaining $100,000 of 7.25% convertibles

By Toni Weeks

San Diego, Aug. 5 - Evraz Group SA completed the redemption of its remaining $100,000 of 7.25% convertible bonds due 2014 on Aug. 4, according to a company announcement with the London Stock Exchange.

The bonds were redeemed at par plus accrued interest.

Prior to the redemption date, $649.9 million of the bonds were converted, resulting in the issuance of 30,771,756 global depositary receipts that represent 10,257,252 newly issued ordinary shares of the company.

Evraz is a Moscow-based vertically integrated steel and mining concern with operations in Russia, Ukraine, the United States, Canada, South Africa and Europe.

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