By Rebecca Melvin
New York, April 29 – Russia’s Metalloinvest priced RUB 5 billion 8.85% exchange bonds due 2029, according to a news release.
The notes are callable after four years at 100.5; investors may put the bonds at the nominal value in seven years.
Gazprombank was acting lead manager and underwriter of the bonds that are being listed on the Moscow Exchange.
The proceeds of the notes were used for partial refinancing of the company’s loan portfolio.
Metalloinvest is a Moscow-based mining and metallurgy company.
| Issuer: | Metalloinvest
|
| Description: | Exchange bonds
|
| Amount: | RUB 5 billion
|
| Maturity: | 2029
|
| Bookrunner: | Gazprombank
|
| Coupon: | 8.85%
|
| Calls: | Callable after four years at 100.5
|
| Puts: | Investor put at year seven
|
| Pricing date: | April 24
|
| Trade date: | April 29
|
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