9 Nov 2009 18:09

Evraz planning four ten-year bond issues worth 30 bln rubles

MOSCOW. Nov 9 (Interfax) - LLC EvrazHolding Finance, an SPV for the Evraz Group, is planning to offer four series of bonds, each maturing in ten years, worth a total of 30 billion rubles, the issuer said in a statement.

The first and second issues will each be worth 10 billion rubles, and the third and fourth will be worth 5 billion rubles.

The bonds will be offered in public subscriptions on the MICEX Stock Exchange. They will carry put/call options.

Evraz did not specify the purpose of the bond placements.

Another Evraz SPV, LLC Sibmetinvest, placed two series of 20 billion rubles in bonds in October. The offering was organized by Troika Dialog and VTB Capital.

The first coupon was set at 13.5% during book-building. These ten-year bonds have offers after five years and semi-annual coupons.

The Federal Financial Markets Service (FFMS) has not yet registered a report on these placements.

A company called Lanebrook owns about 72% of Evraz. Lanebrook's beneficiaries are Millhouse, the holding company for the assets of billionaire Roman Abramovich and his business partners (50%), on the one hand, and Alexander Abramov and Alexander Frolov (50%), on the other.