4 Dec 2012 16:29
Press-release
December 4, 2012
NLMK closes the order book for its RUB 10 billion bond issue
NLMK (LSE: NLMK), the leading global steelmaking company, closed the order book for its 08 bond issue on December 4, 2012. The issue has a total value of RUB10 billion, a maturity period of 10 years and a buy back offer in 3 years.
NLMK has set the first coupon rate at 8.4% per annum. The rate of coupons 2-6 is equal to the rate of the first coupon. Settlement of the bonds is expected to take place on December 7, 2012 at the Moscow Interbank Currency Exchange (MICEX).
Proceeds from the placement of the bonds will be used to refinance the Company's short-term debt, as well as for other corporate purposes. Gazprombank, ZENIT Bank and ROSBANK acted as lead managers.
About NLMK:
NLMK is an international vertically-integrated steelmaking company with production facilities located in Russia, Europe and the US. The liquid steel capacity of its operating units exceeds 15 mtpy. The Company generated $11.7 billion of revenues and a 19.5% EBITDA margin for the full year 2011. The Company's shares and GDSs are traded on the MICEX-RTS and LSE, respectively.
Contacts:
Sergey Takhiev
Head of Investor Relations
+7 495 915 15 75
st@nlmk.com