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Novolipetsk Steel PAO (NLMK.MM)

NLMK.MM on Moscow Interbank Currency Exchange

20 Feb 2017
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руб-1.23 (-1.02%)
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Latest Key Developments (Source: Significant Developments)

Bookrunner says to sell 90 mln shares in Novolipetsk Steel
Thursday, 8 Dec 2016 11:30am EST 

Bookrunner: Novolipetsk Steel: bookrunner - intention to offer up to 90 million ordinary shares in the form of shares and global depositary receipts in co by way of an accelerated bookbuild . Novolipetsk Steel: bookrunner - the placing shares represent, in aggregate, approximately 1.5 percent of the company’s issued ordinary share capital . Novolipetsk Steel: bookrunner - ownership interest of Fletcher Group in co, after giving effect to the sale, is 84 pct of the issued share capital of the company . Novolipetsk Steel: bookrunner - under the terms of the placing, Fletcher Group has agreed not to dispose of further shares in co for a period of at least 90 days Further company coverage: [NLMK.MM] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Russia's NLMK says Q3 crude steel output down 4 pct q/q
Thursday, 13 Oct 2016 04:00am EDT 

Novolipetsk Steel (NLMK) says: Q3 crude steel output was 4.0 million tonnes, down 4 percent quarter-on-quarter and down 1 percent year-on-year; .Q3 sales grew by 7 percent quarter-on-quarter to a record high 4.2 million tonnes (up 2 percent year-on-year)..  Full Article

Russia's NLMK recommends Q2 dividend of 1.08 roubles/share
Friday, 12 Aug 2016 08:45am EDT 

Russia's NLMK says: Its Board of Directors recommended a second-quarter dividend payment of 6.47 billion roubles ($100 million) in total, or 1.08 roubles per share; . The payment is equivalent to 55 percent of NLMK's net profit for the second quarter; .Shareholders to discuss the payment during a meeting on Sept. 30..  Full Article

Russia's NLMK places $700 mln in 7-yr Eurobond at 4.5 pct coupon rate
Wednesday, 15 Jun 2016 10:32am EDT 

Russian steelmaker NLMK says: Places $700 million in 7-year Eurobond at 4.5 percent coupon rate; . Proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019; .Order book indicated a high level of demand from a broad range of international investors, including investors in the European Union, the United States and Russia, as well as various regions in Asia..  Full Article

Russia's NLMK says to repurchase $571 mln of LPNs
Thursday, 9 Jun 2016 08:45am EDT 

Russia's NLMK Group says: Steel Funding Limited, a special purpose vehicle of NLMK, has announced the results of the tender offers made to holders of the $800 million, 4.45 percent loan participation notes (LPNs) due in 2018 and the $500 million, 4.95 percent LPNs due in 2019. . An aggregate of $311.4 million of the 2018 notes and $259.6 million of the 2019 notes were tendered and accepted for purchase. . Following completion of the tender offers, an aggregate of $396.2 million of the 2018 notes and $211.1 million of the 2019 notes will remain outstanding. . The purchase price for the notes was $1,036.25 per U.S. $1,000 in principal amount of the 2018 notes and $1,045.00 per $1,000 in principal amount of the 2019 notes, plus accrued interest. . The purchase of the notes will be financed with the funds received from the net proceeds of the issuance of $700 million, 4.50 percent LPNs due in 2023. .Together with the contemplated issuance of the new notes, this would have the effect of extending the maturity profile of a portion of the NLMK's indebtedness..  Full Article

Moody's confirms Novolipetsk Steel PAO ratings, outlook negative
Tuesday, 26 Apr 2016 11:39am EDT 

Novolipetsk Steel PAO:Moody's says confirms Novolipetsk Steel PAO Ba1 corporate family ratings (CFRs) and Ba1-PD probability of default ratings (PDRs).Outlook is negative.  Full Article

Novolipetsk Steel PAO sees lower Q1 steel production and sales - Reuters
Thursday, 24 Mar 2016 07:36am EDT 

Novolipetsk Steel PAO:Sees lower production and sales in the first quarter of 2016, Chief Executive Oleg Bagrin said - Reuters.NLMK expects weak steel demand in Russia to continue this year.  Full Article

Novolipetsk Steel OAO recommends 9-month dividend payment
Wednesday, 18 Nov 2015 07:54am EST 

Novolipetsk Steel OAO:Recommends 9-month dividend of 1.95 roubles a share with a record date on January 8.  Full Article

Novolipetsk Steel OAO completes placement of BO-08 series bonds
Tuesday, 3 Nov 2015 07:00am EST 

Novolipetsk Steel OAO:Completes placement of 5 billion roubles BO-05 series bonds.Placed 50 pct of the bond issue.  Full Article

Novolipetsk Steel OAO closes $400 million pre-export facility
Monday, 2 Nov 2015 06:23am EST 

Novolipetsk Steel OAO:Says has closed $400 million pre-export facility.The company plans to use the proceeds to refinance its short-term debt, as well as for general corporate purposes.  Full Article

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