The two bonds, which are guaranteed by EuroChem Group AG, were offered via a book-building process to institutional investors in Russia. The coupon rate for each of the two bonds, with a maturity of 3.5 and 4 years, respectively, was set at 7.85%. Settlement of the offering is expected to take place by 19 July 2019.
“We are delighted by the response from wide range of Russian investors, which reflects our strong financial position,” Petter Ostbo, CEO of EuroChem Group, said. “It was an opportune moment to exploit the current favorable environment and achieve the best possible result for our financing needs. The high level of interest highlights the strength of our reputation in the market and investors’ confidence in our business.”
The first offering was organized by Credit Bank of Moscow, Sovcombank, UniCreditBank, and Russian Agricultural Bank. The second offering was organized by VTB Capital.
