New bond issue: Severstal issued international bonds for USD 500.0m maturing in 2021 with a 3.85% coupon.

February 17, 2017 - Cbonds

 

Severstal issued international bonds for USD 500.0m maturing in 2021 with a 3.85% coupon. Bonds were sold at a price of 100% with an initial yield of 3.85%. Bookrunner: Citigroup, ING Wholesale Banking London, JP Morgan, Societe Generale.
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Issuer, issue numberSeverstal, 3.85% 27aug2021, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINXS1567051443
End of placement02/16/2017
Initial issue price100
Yield at pricing3.85
Coupon3.85%
Coupon frequency2 time(s) per year
Settlement date02/27/2017
Maturity date08/27/2021
Issue ManagersBookrunner: Citigroup, ING Wholesale Banking London, JP Morgan, Societe Generale Paying agent: Citibank N.A. (London branch) Trustee: Citibank N.A. (London branch) Arranger Legal Adviser (International law): Linklaters Issuer Legal Adviser (International law): Latham & Watkins
Trading floorIrish S.E.
Issuer: Severstal
Issuer profile:
Severstal combines the growth potential of Russia’s emerging market with the margin sustainability of an international steel producer. The company has 3 divisions: Severstal Russian Steel; Severstal ... more
Outstanding issues:
7 issuesUSD3,775,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency02/21/2017
S&P Global RatingsBBB-/StableForeign Currency LT09/20/2016
S&P Global RatingsBBB-/StableLocal Currency LT09/20/2016
S&P Global RatingsruAAA/LT National Scale (Russia)08/04/2016
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)11/07/2016
Fitch RatingsWithdrawn/National Scale (Russia)02/06/2017
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)11/07/2016