Reuters logo
BRIEF-Russia's NLMK announces tender offer for notes due in 2018 and 2019
September 4, 2017 / 12:52 PM / 3 months ago

BRIEF-Russia's NLMK announces tender offer for notes due in 2018 and 2019

Sept 4 (Reuters) - Steel Funding D.A.C firm, part of Russia’s steel producing NLMK group, said on Monday:

* It had announced a tender offer for notes due in 2018 and 2019;

* Steel Funding invited holders of outstanding notes to tender them at a purchase price equal to $1,017.50 per $1,000 in principal amount of the $800-million notes due in 2018 and $1,053.75 per $1,000 in principal amount of the $500-million notes due in 2019;

* The outstanding principal amount of the 2018 notes and of the 2019 notes is $396 million and $211 million respectively;

* The offers are being made in connection with a concurrent offering of new notes. Net proceeds from the offering of the new notes will be used by NLMK, among other things, to finance the purchase of the 2018 and 2019 notes. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below