NLMK closes order book on the installment of its bond issuance program

Novolipetsk Steel (LSE: NLMK), a leading Russian steel company, is pleased to announced that it has closed the order book on the installment of the company’s bond issuance program (series ÁÎ-01). The issue has a total value of RUR5 billion with a nominal value of RUR1,000 per bond and a maturity period of 1092 days (three years).
The bond’s annual coupon rate is set at 9.75%. This issue is lead-managed by Gazprombank and Troika Dialog.

Settlement and delivery of the bonds is expected to take place on 8 December, 2009 at the MICEX (Moscow Interbank Currency Exchange).
Proceeds from the placement of the bonds will be used to refinance the Company’s short-term debt and for other corporate purposes.
Based on NLKM press-service