EuroChem places two ruble-denominated bond issues
Zug, Switzerland, July 15, 2019 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, today announces a return to the public debt markets with the issue of two exchange-traded bonds for a value of up to
10 billion rubles each, totaling 20 billion rubles, (equivalent to approximately
US$314 million) through its Russian subsidiary MCC EuroChem.
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 July 19, 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.
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began test production at its Usolskiy potash mine
in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people. For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications
EuroChem Group AG
Head of Public Relations
Head of Investor Relations
EuroChem Group AG