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View Full Version : Severstal Sells $475 Million of Convertible Bonds to Cut Costs - Bloomberg



NewsWhore
09-19-2012, 09:50 AM
Severstal Sells $475 Million of Convertible Bonds to Cut Costs (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8nW7rcz_L4h77HfTQzO8kUnswEQ&url=http://www.bloomberg.com/news/2012-09-19/severstal-sells-475-million-of-convertible-bonds-to-cut-costs.html)
Bloomberg
The Cherepovets, Russia-based company has $5.5 billion of debt outstanding, according to data compiled by Bloomberg, and pays interest of 5 percent on its existing fixed-rate dollar bonds due in 2017. Chief Financial Officer Alexei Kulichenko said last ...

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