Evraz priced 20 billion rouble bond issue

EVRAZ has priced a 20 billion 5-year rouble bond (approx. US$710 million) at a coupon rate of 8.40% per annum. The bonds are issued by EVRAZ’s subsidiary, OOO EvrazHolding Finance, and guaranteed by EVRAZ Group.

The closing and settlement is expected to be completed on 7 June 2011 for the RUB 15 billion bonds series 07 and on 9 June 2011 for RUB 5 billion bonds series 05.

Proceeds from the issue will be used to refinance the EVRAZ’s existing debt, thus not increasing the total debt level.

Gazprombank, Sviaz-Bank and Troika Dialog are acting as Joint Lead Managers and Bookrunners. GLOBEX bank is a Co-lead Manager, and OTKRITIE Bank, RON Invest, Russian Agricultural Bank, Uglemetbank are Underwriters.