Bond Issues: Eurobonds Evraz Group (Evraz Group S.A.), 2014, CNV
Issue information:
• Issuer, issue number:
Evraz Group (Evraz Group S.A.), 2014, CNV
• Type of bond:
Eurobonds
• Issue status:
outstanding
• Par, currency of issue:
USD, 100000
• Amount:
650 000 000
• Convertible:
Yes
• Convertability conditions:
The Bonds will be convertible into GDRs at an initial conversion price of US$21.12 per GDR. The conversion price represents a 28% premium to the Equity Offering placement price of US$16.50 per GDR, which is the reference price for the convertible bond.
In the Equity Offering, the Company has agreed to issue 6,060,608 shares, including GDRs, equal to approximately 4.4% of the Company's outstanding share capital, post issue. The issue price of the GDRs is US$16.50 per GDR, with each GDR representing one-third of one share. The total number of outstanding shares in the Company will increase to 138,320,758. Gross proceeds of the Equity Offering amount to approximately US$300 million with Lanebrook and its affiliate subscribing for US$200 million.
• ISIN:
XS0439721035
• End of placement:
Jul 09 2009
• Issue price:
100
• Coupon:
7.25%
• Coupon frequency:
4 time(s) per year
• Settlement Date:
Jul 13 2009
• Maturity date:
Jul 13 2014
• Issue Managers:
Goldman Sachs International and Morgan Stanley & Co. International plc are acting as Joint Global Coordinators and, together with Deutsche Bank AG, Joint Bookrunners for the Equity and Bond Offerings.
CALYON, ING Bank N.V. London branch, NATIXIS, RBS Hoare Govett Limited and Société Générale Corporate & Investment Banking are acting as Co-Lead Managers in relation with the Offerings.
Lazard & Co. Limited is acting as Financial Advisor to the Company in relation with the Offerings.
Stabilising Manager: Morgan Stanley & Co. International plc
Security Identifier: BB number EH8973255
Over-allotment facility: $50,000,000 Face Value
Associated securities being stabilised: GDRs (ISIN - US30050A2024)
Lanebrook, a 77.6% shareholder in Evraz prior to the Offerings, and its affiliate, are subscribing for US$200 million in principal amount of Bonds. The Company has granted the Joint Bookrunners in the Bond Offering an over-allotment option to subscribe for up to an additional US$50 million in principal amount of Bonds, which if exercised in full would result in an increase in the aggregate principal amount of the Bonds to US$650 million. This option may be exercised at any time within 14 days after the Pricing Date.
• Investment banks:
Lead manager(s): Deutsche Bank Goldman Sachs Morgan Stanley
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