Evraz intends to prepay the Eurobonds for $ 750 million.
Edited by Rhod Mackenzie / 2014-12-09 06:53:29
Evraz wants to prematurely buy the Eurobonds for $ 750 million: the company recently borrowed at a lower interest.
Evraz had offered the holders of Eurobonds to redeem the remaining outstanding bonds for $ 576 million maturing at the end of 2015, the company reported on the London Stock Exchange (LSE).
The Metallurgical Company is ready to pay 100.5% of the nominal value for its debt ($ 1,005 per bond) if the holders present the papers to maturity until December 17; after this period, the company will redeem the bonds at a discount - for 97.5%, the message of Evraz informs. Yesterday the papers quoted at 100.3%, according to the Bloomberg data.
