The London Stock Exchange is set for its second issue of global depositary receipts in a week as part of a $900m (€646m) capital increase from Russian steelmaker Evraz, which alone is raising more than was issued in 12 months across Europe, the Middle East and Africa.

Moscow-based steelmaker Evraz Group announced today that it aims to raise $300m through the issue of GDRs and $600m via five-year bonds convertible into these securities.