Russia’s Phosagro to price $500 million four- or five-year notes; initial price talk 4%-4¼%

By Colin Hanner

Chicago, April 25 – Phosagro is expected to price $500 million of four- or five-year notes with initial price talk of 4% to 4¼% on Wednesday, a market source said.

A roadshow for the notes took place from Thursday to Monday, a market source said.

Moody’s Investors Services gave the notes a preliminary rating of Ba1, S&P Global Ratings gave it a BB+ and Fitch Ratings gave it a BBB- rating.

Citi, Sberbank CIB, VTB Capital, BofA Merrill Lynch, Societe Generale, UBS and UniCredit are the organizers for the deal.

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