NLMK approved a decision to issue bonds

NLMK, a leading Russian steel company, announced that its Board of Directors has approved the decision to launch the ruble corporate bond program series 07-11 with a maturity of 10 years. The total value of the program is RUR 50 billion. The Board has also approved the decision to issue the bonds and the Prospectus of the 07-11 series bond emission.

The new issue is being lead-managed by Gazprombank, ZENIT Bank and ROSBANK.

This new instrument will help NLMK to attract long-term capital if required to finance projects such as its Technical Upgrade Program, as well as for other corporate purposes.

In addition, the Board has approved a number of related party transactions that had occurred in the normal course of business, as well as determined NLMK’s auditor remuneration.