Andrey Ilyin, EuroChem CFO, commented: “We are pleased with these transactions which helped us extend our debt maturity profile beyond the first revenues from our key investment projects, while simultaneously capitalizing on investor confidence in EuroChem’s strategy and a relatively benign issuing environment”. Alexander Gavrilov, Deputy CFO and Head of Corporate Finance, added: “This latest transaction allows us to once again set a new precedent with EuroChem obtaining the lowest-ever US$ coupon level achieved by a Russian non-investment grade borrower”.
Joint Lead Managers and Bookrunners were Citigroup, Goldman Sachs International, HSBC, ING, J.P. Morgan and Sberbank CIB.
Asset managers and funds represented 46% of the issue, while banks and private banks accounted for 46% and 8% of the issue.
