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PAO Severstal Announces That Steel Capital S.A. Closes Issue of Loan Participation Notes
27 February 2017, Moscow, Russia - PAO Severstal announced today the successful closing and issuance by Steel Capital S.A. of its US$500,000,000 3.85% loan participation notes due 2021 (the "Notes") under its US$4,500,000,000 Loan Participation Note Programme. The Notes have been issued for the sole purpose of financing a loan to PAO Severstal. The Notes are expected to be admitted to trading on the Main Securities Market of the Irish Stock Exchange from 27 February 2017.
The Issuer has on-lent the proceeds from the issue of the Notes to PAO Severstal. PAO Severstal intends to apply the borrowed funds primarily for general corporate purposes.
For further information, please contact:
Severstal Investor Relations
Tel: +7 (495) 926 7766
Severstal Public Relations
Tel: +7 (495) 926 7766
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