Severstal narrows guidance for 10Ц15 bln rbl bond to 8.65Ц8.75% - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Severstal narrows guidance for 10Ц15 bln rbl bond to 8.65Ц8.75%

MOSCOW, Apr 4 (PRIME) -- Russian steelmaker Severstal has narrowed the coupon guidance for its 10Ц15 billion ruble bonds to 8.65Ц8.75% annually, which corresponds to an 8.84Ц8.94% annual yield to a 5-year buyback offer, a banking source told PRIME on Thursday.

The initial guidance was set at 8.65Ц8.85% annually.

The issue carries semiannual bonds.

Bids are being collected on Thursday. Technical placement is preliminarily scheduled for April 9.

VTB Capital, Rosbank and Sberbank CIB are the organizers.

(65.1639 rubles Ц U.S. $1)

End

04.04.2019 13:32
 
 
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