NLMK plans to buy back two issues of Eurobonds for $1.2 billion




“Novolipetsk steel” has exposed the offer to purchase Eurobonds with maturity in 2018 (ISIN XS0808632847) and maturing in 2019 (ISIN XS0783934325), said in a statement. The company plans to redeem securities at an amount not more than 1 billion 178,299 million US dollars at their nominal value.

The redemption price of bonds maturing in 2018 is $1036,25 per $1000 principal debt, securities maturing in 2019 – $1045,00.

The issue volume of $800 million maturing in 2018 was placed in 2013 with a coupon rate of 4.45% per annum. The volume of issue in circulation at the time of the tender is $707,585 million

The issue of bonds maturing in 2019 was placed in 2012 in the amount of $500 million with a coupon rate of 4.95% per annum. The volume of issue in circulation is $470,714 million

The offer is valid until June 8, 2016. The results will be announced on 9 June 2016. Settlement date is scheduled for June 17, 2016.

Managers on the deal are Deutsche Bank AG, London Branch, ING Bank N. V., London Branch, J. P. Morgan Securities plc and Société Générale.



NLMK plans to buy back two issues of Eurobonds for $1.2 billion 31.05.2016

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