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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