By Sarah Lizee
Olympia, Wash., Oct. 17 – Russia’s Metalloinvest priced RUB 10 billion 7.15% bonds due 2029, according to a news release.
The issue was oversubscribed by four times. Initial price guidance was 7.3% to 7.45%.
The notes are putable after 5.5 years.
VTB Capital, Gazprombank, Credit Bank of Moscow, Rosbank, Sberbank CIB and Sovcombank arranged the issue. Sberbank was the placement agent.
The proceeds will be used to refinance BO-01 series bonds in the same amount within a call option.
Metalloinvest is a Moscow-based mining and metallurgy company.
| Issuer: | Metalloinvest
|
| Description: | Exchange bonds
|
| Amount: | RUB 10 billion
|
| Maturity: | 2029
|
| Bookrunners: | VTB Capital, Gazprombank, Credit Bank of Moscow, Rosbank, Sberbank CIB and Sovcombank
|
| Coupon: | 7.15%
|
| Put: | After 5.5 years
|
| Announcement date: | Oct. 17
|
| Placement date: | Oct. 23
|
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