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Evraz Group to repurchase up to $750 mln of notes due 2015

Reuters - UK Focus

MOSCOW, Dec 8 (Reuters) - Evraz Group SA, a unit of Russia's largest steelmaker, Evraz (LSE: EVR.L - news) , said on Monday it would repurchase up to $750 million of its notes due in 2015 to reduce its U.S. dollar debt exposure.

The early tender purchase price was set at $1,005 per $1,000 in principal amount of notes plus the accrued interest for noteholders who will tender their notes by Dec. 17.

The final purchase price, with a deadline for Jan. 12, 2015, was set at $975 per $1,000 in principal amount of notes plus accrued interest, Evraz said in a statement. (Reporting by Maria Kiselyova, editing by Elizabeth Piper)