NLMK (LSE: NLMK), the largest steel producer in Russia and a leading international steel company, today announces the closing of its U.S.$500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually.

The proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019 in accordance with the ...

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