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Novolipetsk Steel places RUR10bn in exchange bonds

05.11.2009 - Cbonds

Novolipetsk Steel places RUR10bn in exchange bonds

OAO Novolipetsk Steel placed RUR10bn in exchange bonds via book-building on November 3. The 5th exchange bond issue was placed in full, according to the MICEX announcement. The bid-to-cover ratio exceeded 1.6 with demand reaching RUR16.211bn. The first coupon rate was set at 10.75%. The transaction was arranged by Gazprombank and Troika Dialog.


Issuer, issue number: Novolipetsk Steel, ÁÎ-05
Type of debt instrument:Domestic bonds
Issue status:outstanding
Type of placement:public
Par, currency of issue: RUR, 1000
Amount:10 000 000 000
Registration date:Oct 19 2009
State registration number:4B02-05-00102-A
ISIN:RU000A0JQH93
Start of placement:Nov 03 2009
End of placement:Nov 03 2009
Date of circulation start:Nov 05 2009
Issue price:100
Coupon:Coupons 1-6 - 10.75%
Coupon frequency:2 time(s) per year
Settlement Date:Nov 03 2009
Maturity date:Oct 30 2012
Issue Managers:Gazprombank, Troika Dialog
Trading floor: MICEX, RU000A0JQH93 (A1, Mar 01 2010)

Issuer profile:
Novolipetsk Steel is one of the world’s largest steel producers. An integrated steel-making company, we produce pig iron, slabs, hot-rolled, cold-rolled, galvanised, pre-painted and grain- and non-grain-oriented steel. In 2006, we sold our products to 56 countries across Europe, the Americas, Asia, Africa and the Middle East, and produced 13% of Russia’s steel.

Outstanding issues:
  6 issue(s) outstanding worth RUR 45 000 000 000

Issuer's rating:
Moody's Investors Service Baa3 Int. Scale (foreign curr) 15.06.2011
Standard & Poor's BBB-/Stable Int. Scale (foreign curr.) 26.04.2011
Standard & Poor's BBB-/Stable Int. Scale (loc. curr.) 26.04.2011
Standard & Poor's ruAAA National Scale (Russia) 26.04.2011
Fitch Ratings BBB-/Stable Int. Scale (foreign curr.) 19.05.2011
Fitch Ratings AA+(rus)/Stable National Scale (Russia) 19.05.2011
Moody's Interfax Rating Agency Aaa.ru National Scale (Russia) 15.06.2011
National Rating Agency AA+ National scale (Russia) 06.07.2007






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