“Norilsk Nickel” has placed 7-year Eurobonds worth $1 billion under 6,625%


MOSCOW, October 15. MMC “Norilsk Nickel” has placed 7-year Eurobonds for $1 billion with a coupon rate 6,625%, according to the company.

The proceeds from the issue proceeds will be used for General corporate purposes and to Finance the program of capital investments, the report says.

As part of the demand for paper is more than four times oversubscribed. In the purchase of securities involved over 300 investors, including 34% from USA, 30% from UK, 26% from Europe, 9% from Russia and 1% from other countries.

The organizers of the deal were Barclays Bank, Citigroup Global Markets, ING Bank, Societe Generale and UniCredit Bank.

In the first half of 2015 the net debt of Norilsk Nickel increased by 1% to $3,564 billion net debt / EBITDA Ratio remained at 0.6. Short term loan until the end of 2015 of approximately $300 million cash on the balance sheet of the company, as well as unused lines of credit of $5.4 billion.

MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of Nickel and palladium, a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, osmium, selenium, ruthenium and tellurium.