Petropavlovsk sets roadshow for dollar five- to seven-year notes

By Rebecca Melvin

New York, Oct. 24 – Russia’s Petropavlovsk plc plans to start a roadshow to shop a U.S. dollar-denominated benchmark offering of five- to seven-year notes starting Thursday, according to a market source.

The gold mining company has mandated Citigroup, JPMorgan, Sberbank CIB and VTB Capital as joint lead managers and joint bookrunners of the Rule 144A and Regulation S notes. The roadshow meeting will be held in Europe and the United States.

The deal represents the company’s inaugural dollar benchmark. Expected ratings for the company are B- from S&P Global Ratings and Fitch Ratings.

Petropavlovsk is a Russian gold mining company listed on the London Stock Exchange.

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