“Severstal” has redeemed Eurobond issue maturing in 2017 (ISIN XS0551315384).
“The volume of the repayments was $594,189 million, thus all obligations to the holders of securities of this issue was performed in full,” the company said.
Bond issue of $1 billion was placed in 2010 at a rate of 6.7% per annum. Part of the issue was previously repurchased by the company and repaid.
The appeal remains the public debt of the company represented by Eurobonds with maturity in 2018, 2021 and 2022, as well as convertible bonds with maturity in 2021 and 2022.