25th Jul 2019 18:22
(Alliance News) - Evraz PLC on Thursday said it has prices a five-year RUB20 billion bond at a coupon rate of 7.95% per annum.
The RUB20 billion bonds, equivalent to around USD317 million, are issued by Evraz's OOO EvrazHolding Finance subsidiary and settlement it to complete August 5.
Proceeds of the bond issue will go toward refinancing the steel maker's existing debt and lowering the average weighted cost of its debt, as well as extending maturities.
Shares in Evrax closed up 0.1% at 654.20 pence on Thursday.
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