Mechel Studying Sale of as Much as $1 Billion in Eurobonds
OAO Mechel (MTLR), Russia’s largest producer of steelmaking coal, is studying the sale of $500 million to $1 billion in Eurobonds in late 2012 or next year, Chief Financial Officer Stanislav Ploschenko said in an interview in Moscow.
VTB Group, the country’s second-biggest lender, was the sole buyer of 15 billion rubles ($498 million) of bonds sold by Mechel in April, Ploschenko said.
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