By Rebecca Melvin
New York, April 3 – Alrosa Finance SA priced $500 million 4.65% five-year notes at par to yield mid-swaps plus 231.1 basis points, according to a syndicate source on Wednesday.
PJSC Alrosa is guarantor of the Rule 144A and Regulation S notes, which were sold via joint bookrunners Gazprombank, J.P. Morgan Securities plc and VTB Capital.
Alrosa has also tendered for $400 million of its $894,384,000 of outstanding 7¾% notes due 2020 concurrently with the pricing of the new notes.
Alrosa Finance is a subsidiary of Mirny, Russia-based diamond mining company PJSC Alrosa.
| Issuer: | Alrosa Finance SA
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| Guarantor: | Alrosa PJSC
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | April 9, 2024
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| Bookrunners: | Gazprombank, J.P. Morgan Securities plc and VTB Capital
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| Coupon: | 4.65%
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| Price: | Par
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| Yield: | 4.65%
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| Spread: | Mid-swaps plus 231.1 bps
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| Trade date: | April 2
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| Settlement: | April 9
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| Distribtion: | Rule 144A and Regulation S
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