Russia: NLMK places $500-million 7-year Eurobonds

NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…

Russia: NLMK, Ministry of Natural Resources, Federal Supervisory Natural Resources Management Service and Lipetsk region sign cooperation agreement

NLMK Group, the Ministry of Natural Resources and the Environment of the Russian Federation, the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) and the Administration of the Lipetsk region have signed a four-way Cooperation Agreement in sustainable development. The Agreement, which forms part of the National Ecology Project, was signed by Grigory Fedorishin, NLMK Group…

Russia: NLMK Group launches new by-product fuelled facility

NLMK Group has started hot testing at its briquetting plant, a facility to manufacture metallurgical briquettes for use in blast furnace operations. The project will enable the production of feedstock from blast furnace by-products, and the recycling of previously accumulated waste. The production technology is NLMK’s in-house development. It was conceptualized by Ivan Kurunov, an…