The Evraz Group, an international steel making and mining company, completed a tender offer for the $400 million 7.75% loan participation notes due 2017 issued by Raspadskaya Securities, which is majority-owned by the group.
Evraz purchased more than $166 million of the outstanding $400 million notes, raising its holding to $214 million, which is 53.6% of the total outstanding principal.
Jon Moore - Journalist
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