By Rebecca Melvin
Concord, N.H., Oct. 8 – Polyus Finance plc priced $700 million seven-year senior unsecured notes (expected rating: Baa3) at par, according to a notice on Friday.
The notes are guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk.
J.P. Morgan Securities plc, Gazprombank, Raiffeisen Bank International, Renaissance Capital, SberCIB and VTB Capital are managers of the deal.
Proceeds will be used to repurchase the company’s existing backed senior notes due in 2022, 2023 and 2024.
London-based Polyus is a gold producer with mines in Russia and Kazakhstan.
| Issuer: | Polyus Finance plc
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| Guarantors: | PJSC Polyus and JSC Polyus Krasnoyarsk
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| Amount: | $700 million
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| Maturity: | Seven years
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| Description: | Senior notes
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| Bookrunners: | J.P. Morgan Securities plc, Gazprombank, Raiffeisen Bank International, Renaissance Capital, SberCIB and VTB Capital
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| Price: | Par
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| Announcement date: | Oct. 8
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| Rating: | Moody’s: Baa3
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