Russia's MMK on roadshow for dollar-denominated benchmark bonds

By Christine Van Dusen

Atlanta, April 24 - Russia's OJSC Magnitogorsk Iron and Steel Works (MMK) is on a roadshow for a dollar-denominated offering of benchmark-sized bonds (expected ratings: Ba3//BB+), a market source said.

MMK will use the proceeds from the securities to refinance its existing debt and for other general corporate purposes.

No further details on the deal were immediately available on Wednesday.

MMK is a steel producer based in Magnitogorsk, Russia.

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