Mar. 16 Mechel is going to place commercial papers of BO-2 series in the volume of 5bn rub., the company informed.
5mln bonds of 1ths rub. par willl be placed; the 1st coupon rate being fixed at the placement. The issue is arranged by Uglemetbank, Svyaz Bank, VTB, Sberbank.
Mechel Group was set up in Mar. 2003 to involve Izhstal, Cheliabinsky Metallurgic Plant, Yuzhny Kuzbass, Beloretsky Metallurgic Plant, Yuzhuralnickel, Korshunovsky GOK, Vyarsilsky Metalware Plant, Mechel TH, Uralsky Kuznitsa, Moskoks and the Romania- and Lithuania-based plants.
In 2009 5.496mln ton were produced vs. 5.909mln ton in 2008; rolled products - 5.357mln ton vs. 5.392mln; coke output moved down to 17.782mln ton from 26.393mln ton.
The 2009-net profit (RAS) reached 8.517bn rub. against 48.086bn rub. in net profit prior year.
"AK&M", 11/03/2010
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