The decision to issue the ordinary 10-year bonds was approved by the board of directors.
In late 2009, two series of bonds of 15 bn roubles total nominal value were already issued by NLMK.
Another 10 bn roubles series is to be issued on March 9, 2010 to refinance short-term bank liability.
Rosbank, Vneshtorgbank and Raiffeisenbank will act as joint managers for the issue