6 June 2011 -- Russian pig iron and coking coal maker KOKS
) has lined up Russian financial firms VTB Capital and Troika Dialog and global peers Credit Suisse (VTX:CSGN) and Bank of America - Merrill Lynch to sound out investor interest ahead of a potential eurobond offer, IFR said today.
KOKS is optimistic about the merchant pig iron market's long-term prospects.
KOKS had close to $900mn in debt at YE12 with 44% rouble denominated and the remainder in dollars.
According to our estimates, till year-end KOKS
will increase its debt to 26.
also plans to complete the modernisation of blast furnace No.
Group, the largest independent producer and exporter of merchant coke and pig iron in Russia, gave a detailed overview of the Russian and international markets for its products, its near-term investment strategy and its plans for a possible IPO in 2014.