Russian steel company OAO Severstal (SVST.L)said Thursday that its Board of Directors has approved the launch of a Russian Ruble bond program which provides the company with the potential to issue up to RUB 80 billion.
The launch of the program is a technical procedure to facilitate Severstal's potential access to debt capital markets and would be mainly used to refinance the company's debt portfolio.
Severstal launched a similar bond program in 2009 with the potential to issue up to RUB 45 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.