Russian fertilizer producer Uralkali has set a coupon guidance for a 10–15 billion ruble issue of 3-year exchange bonds at 8.95–9.20% annually, the company said in a statement on Friday.
The guidance corresponds to a 9.15–9.41% annual yield to maturity.
The technical placement of the bonds is preliminarily scheduled for May 31. VTB Capital, Sberbank CIB and Rosbank will act as organizers.
|Issuer, issue number||Uralkali, PBO-001-P02 |
|Type of debt instrument||Domestic bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||RUB 1,000 |
|Registration date||05/29/2017 |
|State registration number||4B02-03-00296-A-001P |
|Start of placement||05/31/2017 |
|End of placement||05/31/2017 |
|Date of circulation start||05/31/2017 |
|Initial issue price||100 |
|Yield at pricing||8.99 |
|Coupon||Coupons 1-6: 8.8% |
|Coupon frequency||2 time(s) per year|
|Settlement date||05/31/2017 |
|Maturity date||05/27/2020 |
|Issue Managers||Bookrunner: VTB Capital, Sberbank CIB, ROSBANK, BCS Global markets |
|Trading floor||Moscow Exchange, RU000A0JXS75 (Second level, 05/29/2017) |
|Uralkali is a leading vertically integrated producer of potash, which is an essential component for the development of all living organisms. The Company accounts for 20% of the world’s potash product...