Interest rate of 5-year euro bonds of Evraz makes up 7.25-7.5%

​The approximate profitability of 5-year euro bonds of Evraz makes up 7.25-7.5%, a source in the banks said.

The company attracts funds to purchase 3 issues of its euro bonds with the settlement in 2017 and 2018 and for the purchase of euro bonds of Raspadskaya with the settlement in 2017. Currently the papers of these issues are in circulation for the total amount of about $1.2 bln.

The organizers of the deal are Barclays, Gazpromban, ING, JР Morgan, SG CIB and VTB Capital.

Evraz used a similar scheme last year. In December 2015 the  company purchased in advance euro bonds with the settlement in 2017 and 2018 for the total amount of $550 mln simultaneously offring new euro bonds worth $750 mln.

On the results of 2015 the net debt of Evraz made up $5.35 bln, the net debt/EBITDA ratio – 3.7.