NLMK closes book on 10 bln rouble, 10.75 pct bond
MOSCOW, Oct 30 (Reuters) - Novolipetsk Steel (NLMKq.L: Quote, Profile, Research) (NLMK.MM: Quote, Profile, Research), Russia's fourth-largest steelmaker, said on Friday it has closed the book on a 10 billion rouble ($341 million) bond with a coupon of 10.75 percent, at the lower end of guidance.
Russian companies are taking advantage of improved investor confidence and a brightening economic outlook to return to capital markets at home and abroad. [ID:nLT441217]
The organisers of the issue are Troika Dialog and Gazprombank.
The issue is part of a previously announced 50 billion rouble bond programme. The company, also known as NLMK, has said it will use the proceeds to refinance short-term debt and for other corporate purposes. [ID:nWLA3705] (Repoting by Polina Devitt; writng by Toni Vorobyova)
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