October 28, 2019
Public Joint Stock Company "Mining and Metallurgical Company "NORILSK NICKEL" (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
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PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 750 MILLION EUROBOND OFFERING MATURING IN OCTOBER 2024
Moscow - PJSC "MMC "Norilsk Nickel", the world's largest producer of palladium and high-grade metal nickel and a major producer of platinum and copper, announces today the closing of its USD 750 million Eurobond offering maturing in October 2024 with an annual coupon rate of 3.375%. The proceeds from the issue will be used for general corporate purposes.
The offering was anchored by high quality investors with international accounts from Asia, UK, Continental Europe and the US taking the major part of allocations. The transaction marks the successful return of Norilsk Nickel to the international debt markets, after its last issuance in 2017, with the lowest coupon ever achieved by Norilsk Nickel on a USD transaction.
Sergey Malyshev, the Company's Senior Vice-president and Chief Financial Officer, commented: "We are pleased to see that this bond issue revealed market confidence in Nornickel and its high credit quality. In particular we are glad that various major international investment funds who are not often seen in Russian bonds supported our issue".
Citigroup Global Markets Limited, J.P. Morgan Securities plc and Société Générale acted as Global Coordinators of the offering ("Global Coordinators"). Bank GPB International S.A., ING Bank N.V., London Branch, Sberbank CIB (UK) Limited, VTB Capital plc and the Global Coordinators acted as Managers ("Managers") of the offering. Debevoise & Plimpton LLP acted as Legal Advisor to the Company and Linklaters LLP acted as the Managers' Legal Advisor.
ABOUT THE COMPANY
PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade metal nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.
The production units of «NORILSK NICKEL» Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.
PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs are traded over the counter in the US and on the London and Berlin Stock Exchanges.
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