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PAO Severstal: Notice on payment

·1-min read

PAO Severstal (SVST)
PAO Severstal: Notice on payment
29-Aug-2022 / 15:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

29 August 2022

Notice on payment

 

 

Programme for the Issuance of Loan Participation Notes issued by Steel Capital S.A. for the purpose of funding loans to public joint stock company Severstal

 

U.S.$750,000,000 in aggregate principal amount of 5.90 per cent. Series 3 Loan Participation Notes

 due 2022

 

In line with the requirements of the Russian regulations presently in force and the provisions of the Written

Resolution, Public Joint Stock Company Severstal ("Severstal") has procured the payment on 29 August 2022 of the principal amount payable on 29 August 2022 (the "Early Redemption Date") and interest accrued until the Redemption Date (including the April 2022 Coupon) to the Noteholders holding their Notes through the Russian National Settlement Depository and other Russian custodians.

 

In addition, in line with para 5.1(ii) of the Written Resolution, Severstal has made the direct payments to the Noteholders which hold their Notes through foreign nominee holders, but have elected, by application to Severstal, for payments to be made to a Rouble account and delivered the Payment CPs prior to the Early Redemption Date.

 

Terms defined in the launch announcement dated 13 July 2022, the announcement of results dated 11 August 2022 and the Written Resolution shall have the same meaning herein unless the context requires otherwise.

 

 

 

 


ISIN:

US8181503025

Category Code:

MSCM

TIDM:

SVST

LEI Code:

213800OKDPTV6K4ONO53

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

184492

EQS News ID:

1430259


 

End of Announcement

EQS News Service

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