Russian Watchdog Approves 30 Billion Rubles of Severstal Bonds

OAO Severstal, billionaire Alexey Mordashov’s steelmaker, plans to sell 30 billion rubles ($951 million) of bonds, according to a statement by the Federal Financial Market Service.

The watchdog said on its website it registered three tranches of Severstal’s bonds of 15 billion rubles, 10 billion rubles and 5 billion rubles respectively.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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