Not for release, distribution or publication, directly or indirectly, into or in the United States, Canada, Australia, Japan or the Russian Federation
8 June 2017
Public Joint Stock Company "Mining and Metallurgical Company "NORILSK NICKEL"
(PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 500 MILLION EUROBOND OFFERING MATURING IN APRIL 2022
Moscow - PJSC "MMC "Norilsk Nickel", the world's largest refined nickel and palladium producer, announces today the closing of its USD 500 million Eurobond offering maturing in April 2022 with an annual coupon rate of 3.849%. The proceeds from the issue will be used for general corporate purposes and capital investments.
Sergey Malyshev, the Company's Senior Vice-president and Chief Financial Officer, commented: "With this Eurobond placement we achieved our main objectives, which are extension of debt maturities and debt portfolio repricing. Additionally, the coupon has been fixed at the lowest level ever for the Company's issuances on international debt capital markets."
Citigroup Global Markets Limited, Bank GPB International S.A., ICBC Standard Bank Plc, Mizuho International plc, SIB (Cyprus) Limited, Société Générale and VTB Capital plc acted as Joint Lead Managers ("JLMs") and Bookrunners of the offering. Debevoise & Plimpton LLP acted as Legal Advisor to the Company and Linklaters LLP acted as JLMs' Legal Advisor.
ABOUT THE COMPANY
PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest refined nickel and palladium producer and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.
The production units of «NORILSK NICKEL» Group include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.
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:
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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.
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