NLMK to offer 7-year dollar Eurobonds on Thursday

September 13, 2017 - Prime


Russia’s Novolipetsk Steel (NLMK) plans to offer 7-year dollar-denominated Eurobonds on Thursday, a banking source told PRIME on Wednesday.

The company held a road show of Eurobonds in London, Zurich, New York and Boston from September 6.

J.P. Morgan, SG CIB, ING and UniCredit were appointed as the organizers.

NLMK plans to spend the raised funds to buy back Eurobonds maturing in 2018 and 2019.
Issuer: NLMK
Issuer profile:
Novolipetsk Steel is one of the world’s largest steel producers. An integrated steel-making company, we produce pig iron, slabs, hot-rolled, cold-rolled, galvanised, pre-painted and grain- and non-gr... more
Outstanding issues:
2 issuesRUB15,000,000,000
4 issuesUSD2,500,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency02/21/2017
Moody's Investors ServiceWithdrawn/LT- local currency02/25/2015
S&P Global RatingsBBB-/StableForeign Currency LT09/20/2016
S&P Global RatingsBBB-/StableLocal Currency LT09/20/2016
S&P Global RatingsNR/LT National Scale (Russia)06/02/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)08/07/2017
Fitch RatingsWithdrawn/National Scale (Russia)02/06/2017
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016
150 000
issues: local and international bonds
+7 812 336 97 21
150 000
issues: local and international bonds
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