Rus News Journal

Evraz Group has redeemed a part of eurobonds of three releases

Today, on December, 3rd, Evraz Group has informed on the repayment of a part of eurobonds of three releases - with repayment in 2013, 2015 and 2018
In particular, from release Evraz - 2013 eurobonds on $144,1 million face value are redeemed. The volume of this release is equal $1,3 mlrd, the rate of coupons - 8,875 %. In the message it is noticed that in circulation after the repayment there are eurobonds on $979,247 million

From release of eurobonds Evraz - 2015 papers on $173,3 million release Volume are redeemed the rate of coupons - 8,25 % makes $750 million. After the repayment in circulation remain LPN on $532,646 million

Besides, Evraz Group has redeemed eurobonds with repayment in 2018 for the sum $188,8 million Volume of this release it is equal to $700 million, the rate of coupons - 9,5 %. In circulation after the repayment there are eurobonds on $391,043 million

As it was already informed, in the middle of November Evraz Group has addressed to owners of eurobonds of three releases with the offer on modification in kovenant, limiting debt loading, and also has asked of the permission to involve some kinds of a debt at debt loading (factor a debt/ EBITDA) over three.

pure debt Evraz for June, 30th, 2009 has made $7,83 billion Representatives of the company earlier declared that Evraz aspires to decrease in debt loading to $5 - 6 mlrd during the following 2 - 3 years.

Interfax - Ukraine