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Russia: NLMK Group consolidates digital transformation and IT practices

NLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…

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Russia: Severstal narrows guidance for 10-15-billion ruble bonds

Russian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…

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