13 Nov 2009 19:01

Mechel places 5 bln rubles in bonds at 12.5%

MOSCOW. Nov 13 (Interfax) - Mechel placed its first series of 5 billion rubles in exchange bonds on the MICEX on Friday, the steel group said.

The first coupon yielded 12.5% pa.

Sviaz Bank and Uglemetbank arranged the offering.