MMC Norilsk Nickel: MMC NORILSK NICKEL SUCCESSFULLY PLACES USD1 BILLION
Not for release, distribution or publication, directly or indirectly, into or
in the United States, Canada, Australia, Japan or the Russian Federation
Moscow, October 28, 2013 - OJSC MMC Norilsk Nickel (hereinafter, Norilsk
Nickel or the Company), the largest global nickel and palladium producer,
announces today the closing of its USD 1 billion 7-year Eurobond offering with
an annual coupon rate of 5.55%. The proceeds from the issue will be used for
general corporate purposes and capital investments.
This is the first debt instrument issued by the Company under Rule 144A/Reg S
requirements, which make it eligible for qualified US investors. This bond
also becomes the longest duration of any debt instrument that the Company has
The management marketed the bond offering in Europe and the US. Bank of
America Merrill Lynch, Barclays, Citigroup, Société Générale and Sberbank CIB
acted as Joint Lead Managers for the offering. Gazprombank acted as Financial
Advisor to the Company.
Sergey Malyshev, Chief Financial Officer of Norilsk Nickel, said: "We are
delighted with the result of our debut 144A/Reg S transaction, achieved
despite the recent volatility in global interest rates and uncertainty around
the US budget and debt ceiling. This capital raising provides us with
long-term financing at attractive terms and supports the ongoing re-balancing
of our debt portfolio. This placement underscores the investment grade status
of Norilsk Nickel and we reiterate our commitment to maintain it."
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ABOUT MMC NORILSK NICKEL:
MMC 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, MMC 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. MMC Norilsk Nickel international assets include operations in
Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the over the counter market in the US and on
the London and Berlin stock exchanges.
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"Notes") of MMC Finance Limited or OJSC MMC Norilsk Nickel in the United
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The Notes have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), or with any
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Source: MMC Norilsk Nickel via Thomson Reuters ONE
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