UPDATE 2: Source: Severstal sets coupon for 10 bln rbl bonds at 8.65% - 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

UPDATE 2: Source: Severstal sets coupon for 10 bln rbl bonds at 8.65%

(Adds details in headline, lede)

MOSCOW, Apr 4 (PRIME) -- Russian steelmaker Severstal has set the coupon for 10 billion ruble 10-year bonds at 8.65% annually, a banking source told PRIME on Thursday.

The initial guidance was set at 8.65Ц8.85% annually, corresponding to an 8.84Ц9.05% annual yield, it was later cut to 8.6Ц8.7% annually, corresponding to an 8.78Ц8.89% yield. The offering amount was firstly set at 10Ц15 billion rubles.

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 17:27
 
 
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