Chicago, April 23 – EuroChem Group AG subsidiary MCC EuroChem JSC issued an upsized RUB 35 billion five-year notes in two tranches, according to a notice.
The company sold a first part with an 8¼% coupon in the amount of RUB 10 billion.
And, the second tranche had an 8.05% interest rate and was sized at RUB 25 billion.
Due to oversubscription, the coupon came in 20 basis points from initial talk.
The overall amount was increased 2.5x over the initial amount planned.
Proceeds will be used to refinance short-term maturities.
The notes are guaranteed by the parent.
BK Region LLC and Credit Bank of Moscow worked as lead managers on the transaction.
The fertilizer company is based in Moscow.
| Issuer: | MCC EuroChem JSC
|
| Guarantor: | EuroChem Group AG
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| Issue: | Bonds
|
| Amount: | RUB 35 billion
|
| Maturity: | Five years
|
| Bookrunners: | BK Region LLC and Credit Bank of Moscow
|
| Announcement date: | April 21
|
|
|
| Tranche 1
|
| Amount: | RUB 10 billion
|
| Coupon: | 8¼%
|
|
|
| Tranche 2
|
| Amount: | RUB 25 billion
|
| Coupon: | 8.05%
|
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