UralChem May Revisit London IPO Plan, Sell $525 Million of Bonds
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UralChem Holding Plc, Russia’s second-largest producer of nitrogen-based fertilizers, may sell about $525 million of bonds to repay debt and revisit a plan for an initial public offering in London scrapped in April.
“If we see the situation in financial markets improve and investors aren’t nervous about external factors anymore, we can go ahead with another IPO attempt,” Chief Executive Officer Dmitry Osipov said in an interview in Moscow. “It’s only one of the options. We also have everything ready for a bond sale.”