Deutsche Bank was a bookrunner for the issue of 7-Year Bonds of Novolipetsk Metallurgical Plant (NLMK).
7-Year Eurobonds for $700 million were issued carrying a 4.5% coupon and maturity date in 2023. The issuer was Steel Funding Limited, and in addition to Deutsche Bank other co-bookrunners were ING Bank N.V., London Branch, J.P. Morgan Securities plc and Société Générale. Eurobonds were assigned the following ratings: BB+ (S&P), Ba1 (Moody’s) and BBB- (Fitch).
Funds raised in this issue will be used to partially acquire the company’s Eurobonds due in 2018 and 2019. New issue generated great interest and was in high demand with a wide range of international investors, including EU countries, the USA and Russia, and several Asian regions.
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7-Year Eurobonds for $700 million were issued carrying a 4.5% coupon and maturity date in 2023. The issuer was Steel Funding Limited, and in addition to Deutsche Bank other co-bookrunners were ING Bank N.V., London Branch, J.P. Morgan Securities plc and Société Générale. Eurobonds were assigned the following ratings: BB+ (S&P), Ba1 (Moody’s) and BBB- (Fitch).
Funds raised in this issue will be used to partially acquire the company’s Eurobonds due in 2018 and 2019. New issue generated great interest and was in high demand with a wide range of international investors, including EU countries, the USA and Russia, and several Asian regions.