AI assistant
Severstal - ao — Capital/Financing Update 2016
Mar 29, 2016
6426_rns_2016-03-29_1a814a2c-486a-43e2-bd0f-5f32d5ba9158.html
Capital/Financing Update
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
RNS Number : 3850T
Public Joint Stock Co. Severstal
29 March 2016
Partial cancellation of the Loan Participation Notes due to 2017, 2018 and 2022 (Replacement)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES, AND THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED), OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. OTHER RESTRICTIONS APPLY. NOT FOR PUBLICATION IN THE RUSSIAN FEDERATION.
On the 24th March 2016 PАО Severstal announced partial cancellation of the three series of Loan Participation Notes due 2017, 2018 and 2022 issued by Steel Capital S.A. (the "Issuer") for financing loans to Severstal, that took place 23rd March 2016 (the "Cancellation").
PAO Severstal hereby notifies of the corrected details of the Cancellation of the relevant series of the Notes in the table below:
| Description of the Notes: | ISIN: | Common Code: | Listing: | Aggregate outstanding principal amount preceding the Cancellation: | Aggregate principal amount subject to the Cancellation: | Aggregate outstanding principal amount following the Cancellation: |
|---|---|---|---|---|---|---|
| US$1,000,000,000 6.70% Loan Participation Notes due 2017 | XS0551315384, US858057AC66 | 055131538, 055206767 | London Stock Exchange | US$620,814,000 | US$26,625,000 | US$594,189,000 |
| US$600,000,000 4.45% Loan Participation Notes due 2018 | XS0899969702, US85805RAC25 | 089996970, 089997291 | Irish Stock Exchange | US$572,500,000 | US$23,880,000 | US$548,620,000 |
| US$750,000,000 5.90% Loan Participation Notes due 2022 | XS0841671000, US85805RAB42 | 084167100, 084218774 | London Stock Exchange | US$697,289,000 | US$63,238,000 | US$634,051,000 |
For further information, please contact:
Severstal Investor Relations
Victor Drozdov
T: +7 (495) 926-77-66
Severstal Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
Severstal's financial communications agent - Hudson Sandler
Andrew Hayes / Elena Garside / Alex Brennan
T: +44 (0) 20 7796 4133
PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on Moscow Stock Exchange and its GDRs are traded on the LSE. Severstal reported revenue of US$6,396 million and EBITDA of US$2,096 million in 2015. Severstal's crude steel production in 2015 reached 11.5 million tonnes. www.severstal.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
FONAKCDPCBKKPNB