OREANDA-NEWS. NLMK Group has completed repayment of its BO-07 series exchange bonds. The non-convertible, interest-bearing exchange bonds were issued for a term of three years for a total of RUB 10 billion. Ten million bonds with a nominal value of RUB 1000 each were issued in November 2011.

The company has also paid its 6th coupon interest with a total amount of RUB 446.3 million. The total coupon payments over the bond circulation period for this series therefore reached RUB 2,678 billion.

As a result, NLMK has completed its series BO-01 - BO-07 exchange bond programme, with a total nominal value of RUB 50 billion, approved by the NLMK Board of Directors in September 2009.

In September this year, NLMK Group completed repayment ahead of schedule of its BO-04 series three-year issue of non-convertible, interest-bearing exchange bonds for a total of RUB 5 billion.

This brought the remaining amount of NLMK ruble bonds in circulation to RUB 30 billion with buy-back options in 2015-2017. These bonds were issued as part of Programmes registered in 2011-2012.