By Jennifer Chiou
New York, Oct. 21 - Mechel OAO announced the placement of RUB 5 billion of nine-year interest-bearing non-convertible bonds with VTB Capital, Gazprombank and Sberbank as the arrangers.
Uglemetbank was the co-arranger.
The series 05 bonds priced at par with a first coupon of 12½%.
The bonds will have 36 quarterly coupon payments and will mature on Oct. 9, 2018.
Additionally, holders have a put option.
Mechel is a Moscow mining and steel company.
| Issuer: | Mechel OAO
|
| Amount: | RUB 5 billion
|
| Issue: | Interest-bearing non-convertible bonds
|
| Maturity: | Oct. 9, 2018
|
| Arrangers: | VTB Capital, Gazprombank, Sberbank
|
| Co-arranger: | Uglemetbank
|
| Coupon: | 12½%
|
| Price: | Par
|
| Yield: | 12½%
|
| Put option: | Yes
|
| Placement date: | Oct. 21
|
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