PJSC “MMC “Norilsk Nickel” has closed its $500-million Eurobond offering maturing in April 2022 with an annual coupon rate of 3.849%. The proceeds from the issue will be used for general corporate purposes and capital investments.
Sergey Malyshev, the company’s Senior Vice-president and Chief Financial Officer, commented: “With this Eurobond placement we achieved our main objectives, which are extension of debt maturities and debt portfolio repricing. Additionally, the coupon has been fixed at the lowest level ever for the company’s issuances on international debt capital markets.”
Citigroup Global Markets Limited, Bank GPB International S.A., ICBC Standard Bank Plc, Mizuho International plc, SIB (Cyprus) Limited, Societe Generale and VTB Capital plc acted as Joint Lead Managers (JLMs) and Bookrunners of the offering. Debevoise & Plimpton LLP acted as Legal Advisor to the Company and Linklaters LLP acted as JLMs’ Legal Advisor. (Nornickel/Ukrainian metal)