Russia’s EuroChem talks dollar notes due April 2020 at 4% area

By Christine Van Dusen

Atlanta, Oct. 5 – EuroChem Global Investments Ltd. talked its dollar-denominated offering of loan participation notes due April 12, 2020 (expected ratings: BB-/BB) in the 4% area, a market source said.

The company is conducting a tender offer for its outstanding $750 million 5 1/8% notes due in 2017.

Citigroup Global Markets Ltd., Goldman Sachs International, HSBC Bank, ING Bank, JPMorgan Securities and Sberbank are the bookrunners for the Rule 144 and Regulation S deal.

The proceeds will be used to fund a tender offer for its outstanding $750 million 5 1/8% notes due in 2017. Other proceeds will be used to repay other debt and for general corporate purposes.

The fertilizer company is based in Moscow.

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