Russia’s Metalloinvest begins roadshow for dollar seven-year notes

By Colin Hanner

Chicago, April 20 – Metalloinvest Finance DAC started a roadshow on Thursday for a dollar-denominated offering of seven-year bonds that is expected to price on Monday, a market source said.

The new issue is part of a refinancing that also includes a tender offer announced Thursday, the company said.

The company launched a cash tender offer for any and all of its $1 billion of 5 5/8% notes due 2020.

The settlement date for the new notes is expected to be May 2, or five days following the new notes’ pricing.

Credit Suisse (Europe) Securities Ltd., ING Bank NV, London Branch, Merrill Lynch International, JSC Sberbank CIB, SIB (Cyprus) Ltd., Societe Generale and VTB Capital plc will act as joint dealer managers for the tender offer.

Metalloinvest is a subsidiary of JSC Holding Co. Metalloinvest, a Moscow-based mining and metallurgy company.

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