27th Mar 2019 08:10
LONDON (Alliance News) - Russian steelmaker Evraz PLC has priced its USD700 million note issue with a coupon rate of 5.25% per year.
The notes, which mature in April 2024, will be used to refinance existing debt, including buying existing notes in a tender offer.
Evraz earlier in March offered to buy USD700 million worth of its 6.5% notes outstanding.
Evraz shares were trading up 0.1% on Wednesday morning at a price of 610.60 pence each.
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