Uralkali sets bond coupon guidance at 8.95–9.2%

May 19, 2017 - Prime

 

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.
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Issuer, issue numberUralkali, PBO-001-P02
Type of debt instrumentDomestic bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueRUB 1,000
Amount15,000,000,000
Registration date05/29/2017
State registration number4B02-03-00296-A-001P
ISINRU000A0JXS75
Start of placement05/31/2017
End of placement05/31/2017
Date of circulation start05/31/2017
Initial issue price100
Yield at pricing8.99
CouponCoupons 1-6: 8.8%
Coupon frequency2 time(s) per year
Settlement date05/31/2017
Maturity date05/27/2020
Issue ManagersBookrunner: VTB Capital, Sberbank CIB, ROSBANK, BCS Global markets
Trading floorMoscow Exchange, RU000A0JXS75 (Second level, 05/29/2017)
Issuer: Uralkali
Issuer profile:
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... more
Outstanding issues:
1 issuesRUB15,000,000,000
3 issuesUSD1,450,000,000
Issuer rating:
Moody's Investors ServiceBa2/StableLT- foreign currency04/26/2016
Moody's Investors ServiceWithdrawn/LT- local currency02/25/2015
S&P Global RatingsBB-/NegativeForeign Currency LT04/12/2016
S&P Global RatingsBB-/NegativeLocal Currency LT04/12/2016
S&P Global RatingsNR/LT National Scale (Russia)06/02/2017
Fitch RatingsBB-/NegativeLT Int. Scale (foreign curr.)11/07/2016
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016
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