Chicago, Oct. 17 – Russia’s PJSC MMC Norilsk Nickel placed RUB 25 billion of 9¾% exchanged-traded bonds with a five-year tenor (Expert RA: ruAAA), according to a press release.
The bonds are trading on the Moscow Exchange. They were placed on Oct. 11 after bookbuilding was held on Oct. 6.
There is a three-year put option.
Initial guidance on the coupon was in the 9.85% area.
Gazprombank, MKB, Region, Rosbank and Russian Agricultural Bank acted as joint bookrunners of the transaction.
MMC Norilsk Nickel is a Moscow-based mining and metallurgical company.
| Issuer: | PJSC MMC Norilsk Nickel
|
| Amount: | RUB 25 billion
|
| Issue: | Exchange-traded bonds
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| Tenor: | Five years
|
| Bookrunners: | Gazprombank, MKB, Region, Rosbank and Russian Agricultural Bank
|
| Coupon: | 9¾%
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| Price: | Par
|
| Yield: | 9¾%
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| Puts: | Three years
|
| Trade date: | Oct. 6
|
| Settlement date: | Oct. 11
|
| Ratings: | Expert RA: ruAAA
|
| Price talk: | 9.85% area
|
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