Evraz Group $278 million notes buyback

Overview:

• The Evraz Group, an international steel making and mining company, completed a tender offer for the outstanding $576.7 million of notes from its $750 million 8.25% notes issue due 2015.
• The company managed to acquire $278 million of the notes from investors at the closing of the offer and also separately repurchased $160.5 million of the notes, jointly amounting to 76% of the outstanding bond.
• Crédit Agricole CIB and JPMorgan Securities acted as joint dealer managers on the deal.

Jon Moore - Journalist