Norilsk Nickel issued $500 mln five-year Eurobonds with the 2,55% yield
September 4, 2020
Yesterday the company was collecting applications on the Eurobonds with the maturity date on September 11, 2025. Investor calls took place on September 2. Peak demand exceeded $2 billion, and the initial benchmark yield was 2.875%. Today, Norilsk Nickel placed the bonds.
Yield: 2,55% annual
Initial issue price: 100% of the face value
Maturity date: September 11, 2025
Spread to US Treasury bonds: 231.4 bp
Listing: Irish Stock Exchange
Geographic breakdown: Switzerland - 32%, Russia - 27%, Europe - 14%, Asia - 12%, UK - 6%, USA- 5%
Organizers of the deal were Citi, Société Générale, UBS, BofA Securities, Gazprombank, Sberbank CIB, UniCredit, and VTB Capital.
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Norilsk Nickel
Full nameMMC Norilsk Nickel Group