Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Uralkali Said to Raise $700 Million Loan After April Bond Sale

Don't Miss Out —
Follow us on:

May 2 (Bloomberg) -- OAO Uralkali, the world’s largest potash producer by output, will raise a $700 million loan this month, according to two people with knowledge of the matter.

The company obtained more than $1.3 billion in commitments from 15 banks and decided to borrow a smaller amount after selling $650 million of five-year notes last month, said the people, who asked not to be identified because the terms are private. Bank of America Corp. coordinated the loan deal and BNP Paribas SA will act as agent, the people said.

The five-year pre-export financing, where debt is backed by cash flow linked to the borrower’s export contracts, will pay an interest margin of 215 basis points, or 2.15 percentage points, more than the London interbank offered rate, according to data compiled by Bloomberg.

Olga Ilyina, a Moscow-based spokeswoman for Uralkali, didn’t immediately reply to an e-mail and telephone call seeking comment on the financing.

Uralkali, controlled by a group of billionaires including Suleiman Kerimov, is rated Baa3 by Moody’s Investors Service and an equivalent BBB- by Standard & Poor’s and Fitch Ratings, the lowest investment-grade rank, the data show.

To contact the reporter on this story: Stephen Morris in London at

To contact the editor responsible for this story: Faris Khan at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.