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Wednesday, October 5, 2011

Russian steelmaker NLMK to issue 50 bln rbl bonds

Wed Oct5, 2011

MOSCOW(Reuters) - The board of Russian steelmaker NLMK has approved a 50-billion rouble ($1,53 billion) 10-year bond issue, the steelmaker said in a statement on Tuesday.

The lead managers are Gazprombank, ZENIT Bank and Rosbank, it said.

"This new instrument will help NLMK to attract long-term capital if required to finance projects such as its technical upgrade program, as well as for other corporate purposes." ($1 = 32.604 Russian Roubles)

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