The results of MMK RUR 5 bln bonds placement

December 04, 2012  Moscow

MMK announces the results of its RUR 5 bln bonds placement at MICEX

On December 04, 2012 MMK placed its RUR 5 bln bonds (series 18) with the maturity period of 10 years. A 3 year offer is provided for the issue. The issue is included in the list "Б" at MICEX.

The total value of demand from investors exceeded RUR 10.4 bln which translates into more than 2x oversubscription. 55 bids were sent for the tender. As the result the first annual coupon rate was set at 8.70%, which is below the bottom of the earlier announced price range - 8.9-9.15%. The rate of the second, third, fourth, fifth and sixth coupon equals the first coupon rate. Issue was placed in full size. The overall number of satisfied bids was 21.

The managers of the placement are OJSC URALSIB and CJSC Unicredit Bank.

Information on MMK:

MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher value added products. In 2011 MMK Group produced 12.2 mln tons of crude steel and 11.2 mln tons of commercial steel products. MMK Group revenue in 2011 stood at USD 9.306 bln, EBITDA at USD 1.336 bln. MMK Group revenue in 9M 2012 stood at USD 7.260 bln

Contacts:

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Andrey Serov, Head of IRtel.: +7 (3519) 24-52-97E-mail: s[email protected] 

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