Metinvest made decision of selling Eurobonds. Since today it is planned to invest from US$ 500mln to US$ 1bln. Business analysts say that Metinvest can expect the most successful Eurobonds issuing in 2010.

April 26 in Paris Metinvest begins road-show placement of Eurobonds, announced Friday the agency DebtWire (part of Financial Times holding). Meetings with investors will also take place in Moscow, Zurich, Geneva, London, Los Angeles, Boston and end in New York on May 5. Underwriter of the issue were BNP Paribas, Credit Suisse, ING, Royal Bank of Scotland and "VTB Capital". Metinvest not commenting officially neither the amount of the planned fund-raising, nor the size of the coupon rate. Investment bankers interviewed by Kommersant said that in conversations with managers Metinvest stated intention to draw on $ 500 million to $ 1 billion for five years. The main purpose of raising funds - payment of existing debt. In 2010, Metinvest must pay banks about $ 600 million

Metinvest unites enterprises that can produce annually 10 million tonnes of coking coal, producing 40 million tonnes of iron ore, smelt 10.8 million tons of steel. In 2009, revenues totaled Metinvest $ 6.1 billion, EBITDA - $ 1,4 billion, net profit - $ 340 million, the ultimate beneficiary of 25% +1 shares Metinvest BV is the owner of "Smart holding" Vadim Novinsky, others - businessman Rinat Akhmetov.

It should be noted that Metinvest - not the first company that comes to the foreign market borrowing capital. In April, for three of the Ukrainian issuers placed Eurobonds: April 15, "UkrEximbank" sold the securities by $ 500 million to yield 8.375% per annum, 21 April 91% of the holders of Eurobonds "Myronivsky Hliboprodukt" to a $ 250 million agreed to exchange them for new securities by 10.25% per annum, and on 22 April DTEK placed eurobonds in $ 500 million at 9.5% APR.

Source: Kommersant