DJ PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 500 MILLION EUROBOND OFFERING MATURING IN SEPTEMBER 2025
MMC Norilsk Nickel (MNOD)
PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 500 MILLION EUROBOND
OFFERING MATURING IN SEPTEMBER 2025
11-Sep-2020 / 18:30 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
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 500 MILLION EUROBOND
OFFERING MATURING IN SEPTEMBER 2025
Moscow, September 11, 2020 - Nornickel, the world's largest producer of
palladium and high-grade nickel and a major producer of platinum and copper,
announces today the closing of its USD 500 million Eurobond offering
maturing in September 2025 with an annual coupon rate of 2.55%. The proceeds
from the issue will be used for general corporate purposes, including
capital investments and refinancing.
The transaction becomes the first corporate issuance out of CEE & CIS in the
post-summer window, and results in the lowest coupon ever achieved by a
corporate or sovereign issuer out of Russia and CIS for any USD-denominated
Eurobond public placement. The offering was successfully executed with a
solid oversubscription exceeding USD 2 billion at peak and over 90 accounts
allocated in the final order book across Europe (30%), Switzerland (26%),
Russia (17%), Asia & ME (14%) and US & UK (13%).
Sergey Malyshev, the Company's Senior Vice-president and Chief Financial
Officer, commented: "We are delighted with the successful placement of our
Eurobond offering not only because this has set a new record but also
because this has demonstrated investors' strong confidence in Nornickel in
these challenging times".
Citigroup Global Markets Limited, Société Générale and UBS AG London Branch
acted as Global Coordinators of the offering ("Global Coordinators"). Bank
GPB International S.A., Merrill Lynch International, Sberbank CIB (UK)
Limited, UniCredit, VTB Capital plc and the Global Coordinators acted as
Joint Lead Managers (the "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
MMC Norilsk Nickel is a diversified mining and metallurgical company, the
world's largest producer of palladium and high-grade 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 Zabaykalsky Krai in Russia as
well as in Finland and South Africa.
MMC Norilsk Nickel shares are listed on the Moscow and on the
Saint-Petersburg Stock Exchanges, ADRs are traded over the counter in the US
and on the London, Berlin and Frankfurt 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.: 84015
EQS News ID: 1130667
End of Announcement EQS News Service
(END) Dow Jones Newswires
September 11, 2020 11:30 ET (15:30 GMT)
