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Eurobonds

As of September 2019 there were 3 outstanding Eurobonds issues

  • $700m 7-years Eurobond with annual coupon rate of 4.50% due in 2023
  • $500m 7-years Eurobond with annual coupon rate of 4.00% due in 2024
  • $500m 7-years Eurobond with annual coupon rate of 4.70% due in 2026

Currently Eurobonds has following credit ratings:


  • NLMK, 2023 - Baa3 (Moody’s), BBB- (Fitch) and BBB- (S&P).
  • NLMK, 2024 - BBB- (Fitch) and BBB- (S&P).
  • NLMK, 2026 - BBB- (Fitch) and Baa2 (Moody’s).

On 15 June 2016 the Group placed its $700m 5-years Eurobond with an annual coupon rate of 4.50%. The issuer of the offering was Steel Funding Limited. Currently Eurobonds has following credit ratings: BBB- (Fitch), Ba1 (Moody’s) and BBB- (S&P).

Issuer Steel Funding Limited
Company (borrower) Novolipetsk steel
Amount of issue $700,000,000
Date of placement June 15, 2016
Maturity date June 15, 2023
Coupon rate 4.50%
Listing Irish Stock Exchange, Ireland
Security type Registered security
Code Regulation S:
Common Code: 140577561 
ISIN: XS1405775617 
Rule 144A:
Common Code: 098266844 
ISIN: US85812PAC77 
CUSIP: 85812PAC7
Joint lead managers Deutsche Bank AG, London Branch
ING Bank N.V., London Branch
J.P. Morgan Securities plc
Société Générale

Issuer Steel Funding D.A.C.
Company (borrower) Novolipetsk steel
Amount of issue $500,000,000
Date of placement September 21, 2017
Maturity date September 21, 2024
Coupon rate 4.00%
Listing Irish Stock Exchange, Ireland
Security type Registered security
Code Regulation S:
Common Code: 157795317
ISIN: XS1577953174
Rule 144A:
Common Code: 111731209
ISIN: US85812RAA77
CUSIP:85812R AA7
Joint lead managers J.P. Morgan Securities plc
Société Générale, ING Bank N.V.
UniCredit Bank AG

Issuer Steel Funding D.A.C.
Company (borrower) Novolipetsk steel
Amount of issue $500,000,000
Date of placement May 30, 2019
Maturity date May 30, 2026
Coupon rate 4.70%
Listing Irish Stock Exchange, Ireland
Security type Registered security
Code Regulation S:
ISIN: XS1843435337
Common Code: 184343533
Rule 144A:
ISIN: US85812RAB50
CUSIP:85812RAB5
Joint lead managers J.P. Morgan Securities plc
Société Générale,
ING Bank N.V., London Branch,
UniCredit Bank AG