By Sarah Lizee
Olympia, Wash., June 1 – Metalloinvest priced RUB 5 billion of 5.7% 10-year series BO-10 bonds, according to a London Stock Exchange notice.
The company said the issue was oversubscribed by more than 3.7 times. Initial price guidance was 5.85% to 6%.
The bonds are putable at par in five years.
The placement was arranged by Alfa-Bank, Credit Bank of Moscow, Raiffeisenbank, Sberbank CIB and Sovcombank. Sberbank CIB acted as the placement agent.
Proceeds will be used in full to refinance current debt.
Metalloinvest is a Moscow-based mining and metallurgy company.
| Issuer: | Metalloinvest
|
| Issue: | Series BO-10 bonds
|
| Amount: | RUB 5 billion
|
| Maturity: | 10 years
|
| Bookrunners: | Alfa-Bank, Credit Bank of Moscow, Raiffeisenbank, Sberbank CIB and Sovcombank, with Sberbank CIB as placement agent
|
| Coupon: | 5.7%
|
| Put: | In five years at par
|
| Pricing date: | May 29
|
| Placement date: | June 4
|
| Price guidance: | 5.85% to 6%
|
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