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Mechel pays seventh coupons on bond issues 15, 16

On August 19, Mechel OAO paid coupon 7 on bond issue 15 (RUB 5 billion) and coupon 7 on bond issue 16 (RUB 5 billion), the company informed.

The coupon on bond issue 15 amounted to RUB 138.808 million, the coupon on issue 16 was RUB 324.1 million (RUB 64.82 per bond of each issue).

The issues were placed on the MICEX by public offering on February 22, 2011. Each issue consisted of 5 million securities with a face value of RUB 1,000. Issue 15 was assigned state registration number 4-15-55005-E as of August 10, 2010. Issue 16 was registered under state registration number 4-16-55005-E as of August 10, 2010. Coupons 1-6 are equal to 8.25% p.a., coupons 7-8 are 13% p.a., with coupons 9-20 to be determined by the issuer.

The lead managers are JSC Coalmetbank, Sviaz-Bank, Alfa Bank, VTB and Sberbank of Russia. The placing price is RUB 1,000 per bond. The bonds will mature in 10 years.

Mechel (tax number: 7703370008) is one of the leading Russian companies. The company's profile covers 4 business segments: mining, metallurgical, ferroalloy industry and power engineering. The company unites manufacturers of coal, iron-ore concentrate, nickel, steel, rolled products, high-added value products, thermal and electric energy. Mechel's goods are sold in Russia and worldwide.

According to the DataCapital information retrieval system, US GAAP net loss of Mechel OAO for 2013 increased by 75.86% to $2.928 billion from $1.665 billion the year before. Revenue from sales to external consumers dropped by 19.33% to $8.576 billion from $10.631 billion, operating loss grew by 25.06% to $529 million from $423 million, adjusted EBITDA decreased 2.02-fold to $730 million c $1.471 billion, EBITDA margin was 8.51% against 13.84% the year before.

According to the DataCapital information retrieval system, RAS net loss of Mechel for H1 2014 decreased by 19.96% to RUB 5.096 billion. Revenue increased by 59.78% to RUB 3.993 billion from RUB 2.499 billion, sales profit by 17.13% to RUB 2.291 billion from RUB 1.956 billion, loss before tax decreased by 21.37% to RUB 5.091 billion from RUB 6.475 billion.

"AK&M", 21.08.2014


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