RNS Number : 5954Y
04 September 2009
4 September 2009
Announcement of Ruble Bonds Programme
OAO Severstal announces that a 45bn Ruble programme of Bonds was admitted to trading on the Russian MICEX stock exchange on 31 August 2009. The programme has five tranches: two tranches with nominal amounts of RUB 5 billion, two tranches with nominal amounts of RUB 10 billion and one tranche with a nominal amount of RUB 15 billion. The maximum tenor of each tranche is 3 years and the Company expects to place the first tranche in September 2009. The proceeds of the issue will be used for refinancing of existing debt and general corporate purposes. Citi and Raiffeisen act as joint lead-arrangers of the programme.
Severstal +7 495 926 7766
This information is provided by RNS
The company news service from the London Stock Exchange