23rd Jun 2008 13:30
Issue of Debt
Severstal (Ba2 Stable/BB Stable /BB Stable) has mandated ABN AMRO, BNP Paribas and Citi to act as Joint Bookrunners for a benchmark USD denominated RegS/144 A Eurobond offering. The transaction is expected to be launched, subject to market conditions, following an investor roadshow in the US and Europe on June 26-30. Stabilisation FSA/ICMA.
By accepting delivery of this press release you will be deemed to have represented, agreed and acknowledged either that you are (i) a qualified institutional buyer, as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and are also a qualified purchaser, as defined in section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended, or (ii) a non-U.S. Person (as defined in Regulation S under the Securities Act.
ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS PRESS RELEASE IN WHOLE OR IN PART IS PROHIBITED. FAILURE TO COMPLY WITH THIS DIRECTIVE OR ANY OF THE OTHER RESTRICTIONS SET FORTH HEREIN MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
This press release does not constitute or form a part of an offer of securities for sale in the United States (including its territories and possessions, any State of the United States and the District of Columbia). Securities may not be offered or sold into the United States absent registration or an exemption from registration as provided in the Securities Act, and the rules and regulations thereunder. There is no intention to register any portion of the Offering in the United States of America or to conduct a public offering of securities in the United States.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession this press release or other information referred to herein comes should inform themselves about and observe any such restriction. This document is not a prospectus and, to the extent that it may constitute an advertisement, does not constitute an offer to sell or the solicitation of an offer to purchase securities. Investors should not subscribe for any securities referred to herein except on the basis of the information contained in the prospectus.
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Offering will only be made available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.
This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive"). A prospectus will be prepared and made available to the public in accordance with the Prospectus Directive and, when published, can be obtained in accordance with the Prospectus Directive. Investors should not subscribe for any securities referred to in this announcement except on the basis of the information contained in the prospectus relating to the securities.
A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation. Similar ratings on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.
The Joint Bookrunners are acting for Severstal and no one else in connection with the Offering and will not be responsible to anyone other than Severstal for providing the protections afforded to clients of the Joint Bookrunners nor for providing advice in connection with the Offering
This press-release or information contained therein does not constitute an advertisement or an offer of any securities in the Russian Federation. It is not intended to be and must not be publicly distributed in the Russian Federation.
NOT FOR DISTRIBUTION IN CANADA, JAPAN OR AUSTRALIA
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For further information:
Severstal
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766
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