Metalloinvest Finance Designated Activity Company: Metalloinvest prices its RUB 5 bn bond

Metalloinvest Finance Designated Activity Company (IRSH) 
Metalloinvest Finance Designated Activity Company: Metalloinvest prices its 
RUB 5 bn bond 
 
01-Jun-2020 / 09:34 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                   Metalloinvest prices its RUB 5 bn bond 
 
     Moscow, Russia - 1 June 2020 - Metalloinvest ("the Company"), a leading 
      global iron ore and HBI producer and supplier, and one of the regional 
   producers of high-quality steel, today announces the pricing of its BO-10 
      series bonds for a total amount of RUB 5 bn through a public offering. 
 
    During the book building on 29 May 2020, the issue was oversubscribed by 
  more than 3.7 times. Following the book building, the coupon rate has been 
                  set at 5.70% with an initial price guidance of 5.85-6.00%. 
 
  The BO-10 series bonds have a maturity of 10 years (3,640 days). According 
  to the issue parameters, there is a put option at the bond's nominal value 
                in 5 years. The MOEX placement is scheduled for 4 June 2020. 
 
             The placement was arranged by Alfa-Bank, Credit Bank of Moscow, 
      Raiffeisenbank, Sberbank CIB and Sovcombank. Sberbank CIB acted as the 
                                                            placement agent. 
 
  Alexey Voronov, Deputy CEO - Chief Financial Officer of Management Company 
                                                   Metalloinvest, commented: 
 
             "We are delighted to announce the successful pricing of our new 
 RUB-denominated bond issue for the amount of RUB 5 bn and with a put option 
    in 5 years. The Company set another record low coupon rate for itself of 
   just 5.7%, and we are sincerely grateful to market participants for their 
   interest in our placement. The proceeds will be used in full to refinance 
        the current debt in order to improve our loan portfolio parameters." 
 
Olga Gorokhovskaya, Managing Director, Debt Capital Markets at Sberbank CIB, 
                                                                  commented: 
 
 "Metalloinvest managed to close the unique transaction and fix the tightest 
   spread not only among its own issues but also among all Russian corporate 
    issuers that have tapped the market since the pandemic - 72 basis points 
                         over OFZ yield. Congratulations to our colleagues!" 
 
                                                                     # # # # 
 
                                       For more information, please contact: 
 
Artem Lavrischev 
Director of Investor Relations and Corporate Ratings 
 
E: [e-mail] 
 
T: [phone], ext. 7243 
 
Anton Troshin 
 
Director of Corporate Communications Department 
 
E: [e-mail] 
 
T: [phone], ext. 7629 
 
    Metalloinvest is a leading global iron ore and merchant HBI producer and 
      supplier, and one of the regional producers of high-quality steel. The 
Company has the world's second-largest measured iron ore reserve base and is 
                                  one of the lowest-cost iron ore producers. 
 
Metalloinvest is wholly owned by Holding Company USM LLC. Alisher Usmanov is 
                     the major beneficiary of Holding Company USM LLC (49%). 
 
ISIN:          XS0918297382 
Category Code: MSCL 
TIDM:          IRSH 
Sequence No.:  67040 
EQS News ID:   1059769 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 01, 2020 02:34 ET (06:34 GMT)