By William Gullotti
Buffalo, N.Y., Nov. 8 – Yara International ASA priced its debut $600 million offering of 7.378% 10-year green notes (Baa2/BBB), according to a press release on Tuesday.
As reported on Sept. 22, the company held investment calls in September for the Rule 144A and Regulation S deal.
Citigroup Global Markets Inc., Credit Agricole CIB, Deutsche Bank Securities Inc. and SG Americas Securities LLC were the bookrunners.
Proceeds will be used for to finance or refinance one or more new or existing green investments or assets.
The Norwegian chemical company is based in Oslo.
| Issuer: | Yara International ASA
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| Amount: | $600 million
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| Description: | Green notes
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| Maturity: | 2032
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| Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, Deutsche Bank Securities Inc. and SG Americas Securities LLC
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| Coupon: | 7.378%
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| Announcement date: | Nov. 8
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| Ratings (expected): | Moody’s: Baa2
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| S&P: BBB
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| Distribution: | Rule 144A and Regulation S
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| Marketing: | Fixed-income investor calls
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