Corporate Communications

VTB Capital successfully places $850 mln Evraz Group S.A. Eurobond issue

20 April 2011

VTB Capital has successfully placed a $850 mln 6.75% 7-years Evraz Group S.A. Eurobond issue.

The issue proceeds will be used to finance the tender, also organised by VTB Capital, to buy back Evraz’s 2013 Eurobond issue and to refinance other existing company debt.

Andrey Solovyev, Global Head of DCM at VTB Capital, said: “VTB Capital has successfully executed this complex liability management exercise for the Evraz Group S.A. We helped the Company to take out over 50% of the outstanding 2013s Eurobonds issue with a minimum premium and facilitated a new 7-year Eurobond issue at an attractive rate.

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