PJSC MMC Norilsk Nickel successfully places a USD 1 Billion 6-Year Eurobond offering
2017-04-19 08:47:03 【Print】
BEIJING (Asian Metal) 19 Apr 17 - PJSC MMC Norilsk Nickel (hereinafter, “the Company”), the world’s largest refined nickel and palladium producer, announces on April 11 the closing of its USD 1 billion 6-year Eurobond offering with an annual coupon rate of 4
The offering has attracted solid investors’ interest both domestically and internationally and the book was well oversubscribed . As a result, the offering has been successfully executed inside the Company’s outstanding Eurobonds’ curve and allocated between the following regions: Russia (37%), Asia (20%), Switzerland (15%), other Europe (15%), US (8%), UK (4%) and other countries (1%).
“This Eurobond placement is fully in line with the main objectives of our financial strategy . We have further extended our debt maturities profile and increased the share of USD denominated debt in our portfolio . We are additionally proud that the coupon has been fixed at the lowest level ever for the Company’s issuances on the global debt capital markets,” said Sergey Malyshev, the Company’s Senior Vice-president and Chief Financial Officer.
. 10% . The proceeds from the issue will be used for general corporate purposes and capital investments.
Philippine 1.8%min CIF China
China's nickel sulfate producers' number (ratio) MoM output decrease statistics by province by month