Metalloinvest Finance Designated Activity Company: Metalloinvest announces BO-09 series exchange bonds issue

 

Metalloinvest announces BO-09 series exchange bonds issue

 

Moscow, Russia - 24 April 2019 - 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-09 series exchange bonds for a total amount of RUB 5 bn.

Following the bookbuilding the coupon rate has been set at 8.85%. The bonds have a maturity period of 10 years (3,640 days). Moscow Exchange placement will take place on 29 April 2019.

According to the issue parameters, there are two implied options:

• Call option at 100.50% of the nominal value in 4 years (after the 8th сoupon period)
• Put option at the nominal value in 7 years (after the 14th coupon period)

Gazprombank has been acting as the Lead Manager and Underwriter of the placement.

 

 

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For more information, please contact:

Artem Lavrischev
Director of Investor Relations and Corporate Ratings

E: [email protected]

T: +7 (495) 981-55-55

 

 

 

 

 

 

 

 

 

 

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%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (8%).