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OJSC PHOSAGRO: PhosAgro Places Debut USD 500mln 5-yr Eurobond at 4.204%

OJSC PHOSAGRO: PhosAgro Places Debut USD 500mln 5-yr Eurobond at 4.204%
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THE
UNITED STATES OF AMERICA OR TO U.S. PERSONS OR IN AUSTRALIA, CANADA, JAPAN, THE
RUSSIAN FEDERATION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. 
For Immediate Release                                          07 February 2013 
PhosAgro Places Debut USD500 mln 5-year Eurobond at 4.204% 
Moscow - PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading
global vertically integrated phosphate-based fertilizer producer, announces the
successful pricing of its debut USD 500 million 5-year Eurobond with a coupon
rate of 4.204%, which will be listed on the Irish Stock Exchange. 
Proceeds from the issue will be used for further consolidation of the Company's
stakes in its key production subsidiaries and to refinance short-term
financing. 
The final order book was more than five times oversubscribed, with
participation from a broad range of institutional investors, banks, asset
management companies and funds from Europe, the United States, Asia and Russia. 
The credit ratings assigned to PhosAgro's Eurobond offering were Baa3 from
Moody's and BB+ from Fitch Ratings, both in line with the Company's corporate
credit ratings. 
Citi, Raiffeisen Bank International, Sberbank CIB and VTB Capital acted as
joint lead managers for the placement. 
PhosAgro CEO Maxim Volkov said: "I am very pleased that our debut bond issue
was met with such a high level of interest from fixed income investors. I
believe that investors valued our strong financial profile, supported by our
conservative financing policy, which has kept debt levels low." 
For further information please contact: 
OJSC PhosAgro 
+7 495 231 2747
Irina Evstigneeva, Head of Corporate Finance and Investor Relations
Timur Belov, Press Officer 
M:Communications 
Sam VanDerlip
vanderlip@mcomgroup.com
+44 (0) 20 7920 2356 
Notes to Editors 
PhosAgro is a leading global vertically integrated phosphate-based fertiliser
producer. The Group focuses on the production of phosphate-based fertilisers,
feed phosphate and high-grade phosphate rock (with P2O5 content of not less
than 39 percent), as well as ammonia and nitrogen-based fertilisers. 
The Group is the largest phosphate-based fertiliser producer in Europe, the
largest producer of high-grade phosphate rock worldwide and the second largest
MAP/DAP producer in the world (excluding China), according to Fertecon.
PhosAgro is also a leading producer of MCP feed phosphates in Europe, and the
only producer in Russia. 
PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high
quality apatite-nepheline ore, representing over 75 years of production. The
Group also controls substantial Al2O3 resources and has 41% of Russia's rare
earth oxides resources according to the G.P. Luzin Institute of Economic
Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences,
2010). 
The Group's mines and phosphate rock production facilities are located in the
mountainous areas of the Kola Peninsula in the Murmansk region of northwest
Russia, whereas its fertiliser and feed phosphate production assets are located
near the city of Cherepovets in the Vologda region and near the city of
Balakovo in the Saratov region of southwest part of European Russia. PhosAgro's
2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The С
ompany's net debt/EBITDA ratio was 0.43 at 31 December 2011. 
For further information on PhosAgro please visit: www.PhosAgro.com 
This announcement is directed only at persons who (i) are outside the United
Kingdom or (ii) investment professionals within the meaning of Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order") or (iii) are persons falling within Article 49(2)(a) to (e) of
the Order (all such persons together being referred to as "relevant persons").
This announcement must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which this
announcement relates is available only to relevant persons and will be engaged
in only with relevant persons. Any person who is not a relevant person should
not act or rely on this announcement. In member states of the European Economic
Area, this announcement is directed only at persons who are "qualified
investors" within the meaning of article 2(1)(e) of Directive 2003/71/EC (the
"Prospectus Directive"). 
This announcement is not for public release, publication or distribution,
directly or indirectly, in or into the United States (including its territories
and possessions, any State of the United States and the District of Columbia).
This announcement does not constitute or form a part of any offer of, or
solicitation to purchase or subscribe for, any securities in the United States.
Any such securities have not been, and will not be, registered under the United
States Securities Act of 1933 (the "Securities Act"). Any such securities may
not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as such term is defined in Regulation S under the
Securities Act), except pursuant to an exemption from the registration
requirements of the Securities Act. No public offering of securities will be
made in the United States of America or in any other jurisdiction where such an
offering is restricted or prohibited. A copy of this announcement may be
provided to a qualified institutional buyer (as such term is defined in the
Securities Act) on an individual basis. 
This announcement or information contained therein is not an offer, or an
invitation to make offers, to sell, exchange or otherwise transfer securities
in the Russian Federation to or for the benefit of any Russian person or entity
and does not constitute an advertisement or offering of securities in the
Russian Federation within the meaning of Russian securities laws. Information
contained herein is intended only for persons who are "qualified investors"
within the meaning of Article 51.2 of the Federal Law no. 39-FZ "On the
Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must
not be distributed or circulated into Russia or made available in Russia to any
persons who are not Russian QIs, unless and to the extent they are otherwise
permitted to access such information under Russian law. The securities have not
been and will not be registered in Russia and are not intended for "offering",
"placement" or "circulation" in Russia (each as defined in Russian securities
laws) unless and to the extent otherwise permitted under Russian law. 
END 
-0- Feb/07/2013 15:31 GMT
 
 
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