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Published on 10/20/2016 in the Prospect News Emerging Markets Daily.

New Issue: Russia-focused Polyus Gold prices $500 million 4.699% notes due 2022

By Christine Van Dusen

Atlanta, Oct. 20 – Polyus Gold International Ltd. sold $500 million 4.699% notes due March 28, 2022 (Ba1//BB-) on Thursday, according to a company announcement.

JPMorgan, Renaissance Capital, Sberbank and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for debt financing and other general corporate purposes, including the financing of operating activities and development projects.

Other details were not immediately available on Thursday.

Polyus Gold is the parent of CJSC Gold Mining Co. Polyus, which is a Moscow-based gold producer.

Issuer:Polyus Gold International Ltd.
Amount:$500 million
Maturity:March 28, 2022
Description:Notes
Bookrunners:JPMorgan, Renaissance Capital, Sberbank, VTB Capital
Coupon:4.699%
Trade date:Oct. 20
Settlement date:Oct. 28
Ratings:Moody's: Ba1
Fitch: BB-
Distribution:Rule 144A and Regulation S

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