Russia’s Evraz to buy back $278 mln Eurobonds early
MOSCOW, Jan 13 (PRIME) -- Evraz, Russia’s largest steelmaker by output, will buy back U.S. $278.6 million worth of Eurobonds ahead of the schedule at $975 a security, according to a statement by Evraz Group S. A., an affiliate which issued the bonds, released Tuesday.
The 10-year $750 million issue was placed in 2005 with the coupon standing at 8.25%.
Evraz’ net debt was $6 billion in the end of June, and the ratio between the net debt and earnings before interest, taxes, depreciation and amortization was 3.1.
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13.01.2015 14:38