Polyus is offering dollar-denominated seven-year senior notes

By Rebecca Melvin

Concord, N.H., Oct. 7 – Polyus Finance plc is offering seven-year senior notes (expected rating: Baa3) guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk, according to a notice on Thursday.

J.P. Morgan Securities plc, Gazprombank, Raiffeisen Bank International, Renaissance Capital, SberCIB and VTB Capital are managers of the deal.

The company intends to use the net proceeds to repay outstanding borrowings under its existing backed senior notes due in 2022, 2023 and 2024.

London-based Polyus is a gold producer with mines in Russia and Kazakhstan.

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