The group said in a statement it would use the funds raised from the bond issue for corporate purposes including the acquisition of Canada's IPSCO Tubulars.
The company announced in March the acquisition of IPSCO, a leading steel supplier in Canada and the United States, from Sweden's steel producer SSAB for $4 billion.
Evraz will later sell IPSCO's assets in the United States to Russia's largest manufacturer and exporter of steel pipes, TMK, for $1.2 billion. Evraz will also sell an extra $500 million worth of IPSCO's assets to TMK in 2009.
Evraz Group posted revenues calculated to International Financial Reporting Standards of $12.8 billion, net profit of $2.44 billion and EBITDA at $4.25 billion last year.
The company has three steel making subsidiaries in Siberia, and controls steel plants Palini e Bertoli (Italy) and Vitkovice Steel (Czech Republic).
The company also handles coal production and manages the Nakhodka sea port in the Russian Far East.
Apart from operations in Russia, Evraz Group also controls the U.S.-based Strategic Minerals Corporation and South Africa's Highveld Steel and Vanadium Corporation Limited. In late January 2008, Evraz closed a deal to acquire the U.S.-based steel company Claymont Steel.
