July 8 Novolipetsky Metallurgic Plant (NLMK) set out an offering on the buyback of Eurobonds in the volume of $100mln, the company informed.
The offering covers the $800mln worth bonds of the 2018-maturity with 4.45% ann. in the coupon rate and the $500mln of the 2019-maturity with 4.95% ann. in the rate. The results of the offering will be summed up July
16 on the basis of the modified Holland auction.
NLMK (TIN 4823006703) is included into the 3-list of largest plants in the ferrous metallurgy sector. The output gains 9mln ton/y of steel. The main assets are located in Russia, EC and USA.
The major holder is Fletcher Holdings Ltd. (85.91%) held by V.Lisin, chairman; the top managers having 2.8%. The share capital is worth 5993227240 rub. split in the same number of stocks of 1 rub. par). The stocks in free circulation account for 11.29%.
The 2013 net profit plunged (US GAAP) 3.16 fold to $188.74mln from $595.805mln prior year. The revenues dropped 10.27% to $10.909bn from $12.157bn; operating profit being down 42.15% to $643.816mln from $1.133bn; pretax profit - 47.15% to $483.481mln from $914.869mln; EBITDA - 20.8% to $1.505bn from $1.9bn; EBITDA margin - 13.8% с 15.6%.
The 2013 net losses (RAS) reached 12.829bn rub. vs. 21.318bn rub. in profit; revenues moved down 60.92% to 225.492bn rub. from 240.123bn rub.; losses from sales came to 640.661mln rub. vs. 8.126bn rub. in profit; pretax losses - 10.174bn rub. vs. 24.223bn rub. in profit.
The IQ 2014 net profit increased 4.58 fold to $174mln from $38mln under US GAAP; revenues dropped 7.63% to $2.638bn from $2.856bn; operating profit moved up 2.42 fold to $269mln from $111mln; EBITDA - 47.17% to $468mln from $318mln; EBITDA margin coming to 17.7% vs. 11.1% prior year.
"AK&M", 13:40, 15.07.2014 1251 AKM,COR