Azovstal To Place Eurobonds Worth USD 150-200 mln Today.
14 February 2008
The bonds will have maturity of five years and coupon rate of 9-9.25%. The issue is a part of the company’s (AZST: SELL) modernization program that envisions investment of USD 800 mln. In January 2006, Azovstal reduced production of rolled steel by 7.7% yoy, to 408 ths mt, while its crude steel output fell 2.5%, to 476 ths mt.
