New Issue: Nordgold prices $400 million 4 1/8% five-year notes at par

By Rebecca Melvin

New York, Oct. 3 – Celtic Resources Holdings DAC, a wholly owned subsidiary of Nord Gold SE, the parent of Nordgold Group, priced $400 million of 4 1/8% guaranteed notes due 2024 (expected ratings: Ba2//BB) at par for a yield spread of 269.8 basis points over U.S. Treasuries, according to a market source.

The notes priced tight compared to talk for a yield of 4 3/8% to 4½%. They are guaranteed by Neryungri-Metallik LLC, Rudnik Taborny LLC, Berezitovy Rudnik LLC, JSC FIC Alel, Societe Miniere de Dinguiraye and High River Gold Mines Ltd.

Citigroup, JPMorgan and Societe Generale were joint global coordinators and joint bookrunners of the Rule 144A and Regulation S deal, and Gazprombank, ING, Sberbank CIB and VTB Capital were joint bookrunners. PJSC Sovcombank was joint lead manager.

The gold mining company is based in Moscow.

Issuer:	Celtic Resources Holdings DAC, a subsidiary of Nordgold Group
Guarantors:	Neryungri-Metallik LLC, Rudnik Taborny LLC, Berezitovy Rudnik LLC, JSC FIC Alel, Societe Miniere de Dinguiraye and High River Gold Mines Ltd.
Issue:	Notes
Amount:	$400 million
Maturity:	Oct. 9, 2024
Bookrunners:	Citigroup, JPMorgan, Societe Generale, Gazprombank, ING, Sberbank CIB and VTB Capital
Joint lead manager:	PJSC Sovcombank
Coupon:	4 1/8%
Price:	Par
Yield:	4 1/8%
Spread:	U.S. Treasuries plus 269.8 bps
Pricing date:	Oct. 2
Settlement date:	Oct. 9
Distribution:	Rule 144A and Regulation S
Talk:	4 3/8%-4½%

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