Evraz entirely places 15 bln rubles in second and fourth bond series
MOSCOW. Nov 2 (Interfax) - OOO EvrazHolding Finance, Evraz Group's SPV company, entirely placed its second bond series worth 10 billion rubles and the fourth series worth 5 billion rubles on November 1, the company said in a statement.
The rate for the first coupon of both issues was set at 9.95% through book building. The rates for coupons two through 10 will be equal to the first coupon. The bid book was open from October 18 to 28.
The guidance for the first coupon of both 10-year bonds comes to 10%-10.5%. Both issues have a five-year offer for preterm buyback.
Troika Dialog Investment Company, Gazprombank and Barclays Capital are the organizers of the issues.
A representative of Troika Dialog (RTS: TROY told Interfax that investor demand came to 20.2 billion rubles at a rate of 9.95%.
Evraz will earmark the funds raised for refinancing debt. The group's total debt will not increase, the statement said.