Russia steel companies busy with buybacks

By Virginia Furness
28 Apr 2016

Evraz has bought back $184.4m of outstanding Eurobonds that were due in 2017 and 2018, joining a band of several Russian issuers which have been buying back dollar debt.

The Russian steelmaker bought back $15.7m of its $600m 7.40% notes due April 24, 2017, $29.6m of its $700m 9.50% due April 24, 2018, $123.6m of its $850m 6.75% due April 27, 2018, and $15.5m of its $400m 7.75% loan participation notes due April 27, 2017.

On March ...

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