MMC Norilsk Nickel (MNOD)
MMC Norilsk Nickel: PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 750
MILLION EUROBOND OFFERING MATURING IN OCTOBER 2024
28-Oct-2019 / 19:15 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*PRESS RELEASE*
October 28, 2019
*Public Joint Stock Company "Mining and Metallurgical Company "NORILSK
NICKEL" (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")*
*Not for release, distribution or publication, directly or indirectly, into
or in the United States, Canada, Australia, Japan or the Russian Federation*
PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 750 MILLION EUROBOND
OFFERING MATURING IN OCTOBER 2024
Moscow - PJSC "MMC "Norilsk Nickel", the world's largest producer of
palladium and high-grade metal nickel and a major producer of platinum and
copper, announces today the closing of its USD 750 million Eurobond offering
maturing in October 2024 with an annual coupon rate of 3.375%. The proceeds
from the issue will be used for general corporate purposes.
The offering was anchored by high quality investors with international
accounts from Asia, UK, Continental Europe and the US taking the major part
of allocations. The transaction marks the successful return of Norilsk
Nickel to the international debt markets, after its last issuance in 2017,
with the lowest coupon ever achieved by Norilsk Nickel on a USD transaction.
Sergey Malyshev, the Company's Senior Vice-president and Chief Financial
Officer, commented: "We are pleased to see that this bond issue revealed
market confidence in Nornickel and its high credit quality. In particular we
are glad that various major international investment funds who are not often
seen in Russian bonds supported our issue".
Citigroup Global Markets Limited, J.P. Morgan Securities plc and Société
Générale acted as Global Coordinators of the offering ("Global
Coordinators"). Bank GPB International S.A., ING Bank N.V., London Branch,
Sberbank CIB (UK) Limited, VTB Capital plc and the Global Coordinators acted
as Managers ("Managers") of the offering. Debevoise & Plimpton LLP acted as
Legal Advisor to the Company and Linklaters LLP acted as the Managers' Legal
Advisor.
ABOUT THE COMPANY
PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgical
company, the world's largest producer of palladium and high-grade metal
nickel and a major producer of platinum and copper. The company also
produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium,
tellurium, sulphur and other products.
The production units of «NORILSK NICKEL» Group are located at the Norilsk
Industrial District, on the Kola Peninsula and Chita region in Russia as
well as in Finland and South Africa.
PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the
Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs are traded
over the counter in the US and on the London and Berlin Stock Exchanges.
Media Relations: Investor Relations:
Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20
Email: pr@nornik.ru Email: ir@nornik.ru
DISCLAIMER
The information contained herein is not for release, distribution or
publication, directly or indirectly, into or in the United States (including
its territories and possessions, any state of the United States and the
District of Columbia), Canada, Australia or Japan. These written materials
are not an offer to sell or a solicitation of an offer to buy securities
(the "Notes") of MMC Finance Limited or PJSC "MMC "Norilsk Nickel" in the
United States, Canada, Australia or Japan or in any other jurisdiction where
such offer or sale would be unlawful.
The Notes have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"), or with any securities
regulatory authority of any state or other jurisdiction of the United
States. Consequently, the Notes may not be offered, sold, resold,
transferred, delivered or distributed, directly or indirectly, into or
within the United States. No offering of the Notes is being made in the
United States.
This document does not constitute an invitation or inducement to engage in
investment activity within the meaning of the UK Financial Services and
Markets Act 2000. This document is only being distributed to and is only
directed at: (i) persons who are outside the United Kingdom; (ii) persons
who are investment professionals within the meaning of Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order") or (iii) high net worth entities and other persons to whom it
may otherwise lawfully be communicated, falling within Article 49(2)(a) to
(d) of the Order (all such persons together being referred to as "relevant
persons"). The Notes to which this announcement relates are available only
to, and any invitation or offer may be directed at, or any agreement to
subscribe for, purchase or otherwise acquire, any securities will be engaged
in only with, in the United Kingdom, relevant persons and, in any other
jurisdiction, persons to whom it can lawfully be communicated and who may
lawfully engage in such investment activity. Any person in the United
Kingdom who is not a relevant person should not act or rely on this
announcement or any of its contents.
This release is an advertisement and is not a prospectus for the purposes of
Regulation (EU) 2017/1129 or any applicable implementing measures in the
United Kingdom under such regulation. Investors should not subscribe for any
notes referred to in this document except on the basis of information
contained in the prospectus. The prospectus, when published, will be
available at https://www.ise.ie/products-services/quoted-companies/. This
document or information contained herein is not an offer, or an invitation
to make offers, to sell, exchange or otherwise transfer securities in the
Russian Federation to or for the benefit of any Russian person or entity and
does not constitute an advertisement or offering of securities in the
Russian Federation within the meaning of Russian securities laws.
Information contained in this document is not intended for any persons in
the Russian Federation who are not "qualified investors" within the meaning
of Article 51.2 of the Federal Law no. 39-FZ "On the Securities Market"
dated 22 April 1996, as amended (the "Russian QIs") and must not be
distributed or circulated into Russia or made available in Russia to any
persons who are not Russian QIs, unless and to the extent they are otherwise
permitted to access such information under Russian law. Any securities
referred to in this document have not been and will not be registered in
Russia and are not intended for "placement", "circulation", "offering" or
"advertising" in Russia (each as defined in Russian securities laws) unless
and to the extent otherwise permitted under Russian law.
The distribution of this document in other jurisdictions may be restricted
by law and any person into whose possession this document comes should
inform themselves about, and observe, any such restrictions.
ISIN: US55315J1025
Category Code: MSCH
TIDM: MNOD
Sequence No.: 25531
EQS News ID: 898673
End of Announcement EQS News Service
(END) Dow Jones Newswires
October 28, 2019 12:15 ET (16:15 GMT)
© 2019 Dow Jones News
