RUS
Details
| Name | Magnitogorsk Iron & Steel Works |
| Placement specification | common stock, GDR |
| Placement type | IPO |
| Subscription type | Public offering |
| Start of placement | 09.04.2007 |
| Status | Completed |
| End of placement | 30.04.2007 |
| Placement amount | 1 040 000 000 |
| Placement volume, mln. USD | 1 121 |
| Upper bound, USD | 1.19 |
| Lower bound, USD | 0.94 |
| Offering price, USD | 0.96 |
| Price change from the placement date | -75.14% |
| Trading floor | London Stock Exchange, MICEX |
| Investment banks | ABN AMRO, Gazprombank, Morgan Stanley, Renaissance Capital |
| Capitalisation at the moment of placement, mln. USD | 11 221 |
| Country of operation | Russia |
| Industry | Metal and mining |
| Offering Memorandum |
Additional information
Each GDR will represent 13 Ordinary Shares. Over-allotment
Option - 131820000 Ordinary Shares. Offer Price: U.S.$0.961538 per Ordinary Share and U.S.$12.50 per Global Depositary Receipt.
Issuer
MMK is one of the world's largest steel producers and a leading Russian metals company.
The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel.
MMK turns out a broad range of steel products with a predominant share of high-value-added products.
The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel.
MMK turns out a broad range of steel products with a predominant share of high-value-added products.
Web-site: to the issuer site
Issuer news
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04.04.2022
Cbonds: Fitch Ratings withdrew LT Int. Scale (foreign curr.) credit rating for MMK
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04.04.2022
Cbonds: Fitch Ratings withdrew LT Int. Scale (local curr.) credit rating for MMK
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04.04.2022
Cbonds: S&P Global Ratings withdrew Local Currency LT credit rating for MMK
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04.04.2022
Cbonds: S&P Global Ratings withdrew Foreign Currency LT credit rating for MMK
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31.03.2022
Cbonds: Moody's Investors Service withdrew LT- local currency credit rating for MMK
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31.03.2022
Cbonds: Moody's Investors Service withdrew LT- foreign currency credit rating for MMK
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14.03.2022
Cbonds: Fitch Ratings downgrades LT Int. Scale (foreign curr.) credit rating of MMK to "CC"
Stock details
| Stock | MMK |
| Type | common stock |
| Par value, RUB | 1 |
| State registration number | 1-03-00078-A |
| ISIN | RU0009084396 |
| Announced volume | 11 174 330 000 |
| Free-float | 0.2 |
London Stock Exchange
Ticker:
MMK
Quotation list:
IOB
MICEX
Ticker:
MAGN
Quotation list:
B
RTS
Ticker:
MAGN
Quotation list:
B
Price dynamics
| MICEX | RTS |
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