21 Oct 2016 18:35

NLMK board to consider bond issue on Oct 28

MOSCOW. Oct 21 (Interfax) - The board of directors of NLMK , the flagship asset of which is the Novolipetsk Iron & Steel Works, will discuss the issue and placement of bonds on October 28, the company said in a statement.

The agenda also includes interested-party transactions.

NLMK has two issues of ruble-bonds totaling 10 billion rubles altogether plus an overall $1.3 billion in Eurobonds outstanding.

Net debt was $1.16 billion at end-H1 2016 and net debt/EBITDA was 0.7x.