EuroChem sets banks, roadshow for dollar benchmark five-year notes

By Rebecca Melvin

New York, Feb. 21 – Russia’s EuroChem Group AG has selected banks and scheduled a roadshow for a planned U.S. dollar-denominated benchmark offering of five-year notes (Ba3//BB), according to a syndicate source on Thursday.

The company has also announced a tender offer for its outstanding dollar notes due 2020 and 2021. The tender is scheduled to expire March 5.

Citigroup and JPMorgan are joint global coordinators and bookrunners of the new Rule 144A and Regulation S notes offering, and Sberbank CIB, Societe Generale, Unicredit and VTB Capital are joint lead managers and joint bookrunners.

Meetings will be held in Moscow, Zurich and London beginning on Tuesday.

The fertilizer company is based in Moscow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.