MMC Norilsk Nickel : OJSC MMC NORILSK NICKEL SUCCESSFULLY PLACED USD750
Moscow, April 30, 2013 - OJSC MMC Norilsk Nickel (hereinafter, Norilsk Nickel
or the Company), the largest global nickel and palladium producer, announces
today the closing of its USD750 million 5-year Eurobond offering with an
annual coupon rate of 4.375%.The placement is the largest ever Eurobond
transaction by a Russian or CIS non-state owned company made in a Reg S-only
(outside of the U.S.) transaction. The proceeds from the issue will be used
for general corporate purposes and refinancing of the Company's indebtedness.
Barclays, Citigroup and Société Générale acted as Joint Lead Managers for the
offering. UniCredit Bank AG acted as Co-manager of the offering.
Sergey Malyshev, Chief Financial Officer of Norilsk Nickel, said: "We are
pleased with the results of the placement as the deal has the lowest coupon
ever achieved by a Russian/CIS Metals & Mining issuer in the Eurobond market.
The offering confirmed Norilsk Nickel's access to a new public source of
funding providing the Company with long-term financing at attractive terms and
supporting further optimization of the debt portfolio in line with its
For further information, please, contact:
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ABOUT NORILSK NICKEL:
Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, Norilsk Nickel produces a large number of other by-products, including
gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company's group in Russia are at the Polar and
Kola Peninsulas. Norilsk Nickel international assets include operations in
Finland, Australia, Botswana and South Africa.
Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the other the counter market in the US and on
the London and Berlin stock exchanges.
These materials are not an offer to sell or a solicitation of an offer to buy
securities (the "Notes") of MMC Finance Limited.
The Notes have not been and will not be registered under the US Securities Act
of 1933, as amended (the "Securities Act"), or with any securities regulatory
authority of any state or other jurisdiction of the United States.
Consequently, the Notes may not be offered, sold, resold, transferred,
delivered or distributed, directly or indirectly, into or within the United
States except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and in compliance with
any applicable securities laws of any state or other jurisdiction of the
United States. No public offering of the Notes is being made in the United
This document does not constitute an invitation or inducement to engage in
investment activity within the meaning of the UK Financial Services and
Markets Act 2000. This document is only being distributed to and is only
directed at: (i) persons who are outside the United Kingdom; (ii) persons who
are 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) high net worth entities and other persons to whom it may
otherwise lawfully be communicated, falling within Article 49(2) of the Order
(all such persons together being referred to as "relevant persons"). The Notes
are available only to, and any invitation or offer may be directed at, or any
agreement to subscribe for, purchase or otherwise acquire, any securities will
be engaged in only with, in the United Kingdom, relevant persons and, in any
other jurisdiction, persons to whom it can lawfully be communicated and who
may lawfully engage in such investment activity. Any person in the United
Kingdom who is not a relevant person should not act or rely on this
announcement or any of its contents.
This announcement or information contained herein is not for release,
publication or distribution in whole or in part in or into the Russian
Federation subject to certain exceptions and is not, and under no
circumstances is to be construed as, an offer or advertising or an invitation
to make offers to sell, purchase, exchange or otherwise transfer or dispose of
any securities, including securities of foreign issuers, or other financial
instruments in the Russian Federation within the meaning of Russian securities
laws or to or for the benefit of any persons or entities resident,
incorporated, established or having their usual residence in the Russian
Federation, or to or for the benefit of any person located within the
territory of the Russian Federation, who is not a "qualified investor" (the
"Russian QI") within the meaning of Article 51.2 of the Russian Federal Law
"On the Securities Market" No.39-FZ dated 22 April 1996, as amended and must
not be distributed or circulated into the Russian Federation or made available
in the Russian Federation, 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
or admitted to placement and/or public circulation in the Russian Federation
and the information contained herein is not to be passed on to third parties
or otherwise be made publicly available in the Russian Federation. The
securities are not intended for "offering", "placement" or "public
circulation" (each as defined in Russian securities laws) in the Russian
Federation, except as permitted by Russian law.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: MMC Norilsk Nickel via Thomson Reuters ONE
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