By Christine Van Dusen
Atlanta, Oct. 6 – Russia’s OJSC MMC Norilsk Nickel, via MMC Finance Ltd., priced $1 billion seven-year notes (Ba1/BBB-/BBB-) with a coupon of 6 5/8% on Tuesday, a market source said.
The notes were talked in the 7% area.
Barclays, Citigroup, ING, Societe Generale CIB and UniCredit were the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Tuesday.
The nickel and palladium producer is based in Moscow.
| Issuer: | MMC Finance Ltd.
|
| Amount: | $1 billion
|
| Maturity: | Oct. 14, 2022
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, ING, Societe Generale CIB, UniCredit
|
| Coupon: | 6 5/8%
|
| Trade date: | Oct. 6
|
| Settlement date: | Oct. 14
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 7% area
|
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