| 05.11.2009 - Cbonds |
Novolipetsk Steel places RUR10bn in exchange bonds
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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.
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Issuer, issue number:
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Novolipetsk Steel, ÁÎ-5
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| Type of bond: | Domestic bonds |
| Issue status: | outstanding |
| Offering: | 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 (B) |
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:
1 issue(s) outstanding worth RUR 10 000 000 000
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