News

10 November 2011 NLMK Group

NLMK closes the order book for its RUR 10 billion bond issue

NLMK (LSE: NLMK), a leading Russian steel company, is pleased to announce the closure of the order book for its bond issue series BО-07 with a nominal value of RUR 1000 per bond. The series has a total value of RUR10 billion and a maturity period of 1092 days (3 years). In the course of marketing the bonds, NLMK has set the first coupon rate at 8.95% p.a. The 2-6 coupon rate is equal to the first coupon rate. Settlement and delivery of the bonds is expected to take place on November 15 at the Moscow Interbank Currency Exchange (MICEX). Proceeds from the placement of bonds will be used to refinance the Company’s short-term debt, as well as for other corporate purposes. This issue is lead-managed by Gazprombank and Troika Dialog.