Chicago, Oct. 21 – SUEK Securities DAC sold a debut $500 million five-year eurobond with a 3 3/8% coupon (Ba2//BB), according to a company publication.
Pricing was 50 basis points tighter than original guidance.
More than 100 accounts participated in the offering with the notes three-times oversubscribed.
Proceeds will be used to refinance existing liabilities and extend the maturity profile of the company’s debt portfolio.
Moscow-based SUEK is one of the world’s largest energy companies and is the largest supplier of thermal coal in Russia.
| Issuer: | SUEK Securities DAC
|
| Issue: | Eurobond
|
| Amount: | $500 million
|
| Maturity: | September 2026
|
| Coupon: | 3 3/8%
|
| Trade date: | Sept. 15
|
| Ratings: | Moody’s: Ba2
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 3 7/8%
|
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