trending Market Intelligence /marketintelligence/en/news-insights/trending/dkou0pnQ0hqJwHVD7wcO4A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Severstal sets initial conversion price for US$200M convertible bonds

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Severstal sets initial conversion price for US$200M convertible bonds

PAO Severstalsaid April 26 that the initial conversion price of the US$200 million convertiblebonds, representing a sum of reference price and a conversion premium of 17.5% tothe reference price, is now set at US$13.8.

The company recentlylaunched an offering of about US$200 million principal amount of senior unsecuredconvertible bonds due 2021, with proceeds to be used for general corporate purposes.

The settlement is expected to occur by April 29.

Citigroup Global Markets Ltd., Deutsche Bank AG, London Branch,JP Morgan Securities plc and Société Générale Corporate & Investment Bankingacted as joint book runners and joint lead managers.