Severstal tempted by low dollar yields

Alexey Kulichenko, chief financial officer at Russian steel company Severstal, is eyeing a return to the dollar bond market. He told EuroWeek the strong market conditions and a recent tightening of the issuer’s spreads could tempt it into placing a dollar bond in the near future.

  • 07 Sep 2012

"If you’d asked me two months ago whether we were considering a bond, I’d have said we weren’t interested," said Kulichenko. "But we’re seeing very positive trends in the market on spreads and we would consider it now."

All three ratings agencies have upgraded Severstal this year, which is ...

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1 Citi 2,417.98 11 10.88%
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5 Barclays 1,569.70 11 7.06%

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1 BNP Paribas 8,202.93 31 9.23%
2 Deutsche Bank 6,868.10 19 7.73%
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4 JPMorgan 4,814.18 17 5.42%
5 HSBC 4,304.73 21 4.84%