Metalloinvest (hereinafter the "Company"), a leading manufacturer and supplier of iron ore products and hot briquetted iron in the world market, one of the regional producers of high-quality steel, announces the closure of the order book for the placement of BO-09 series bonds in the amount of 5 RUB bln.
Following the results of the book, the coupon rate was set at 8.85% per annum. The bonds mature in 10 years (3,640 days). The technical placement of securities on PJSC Moscow Exchange will take place on April 29, 2019
The parameters of the placement of exchange-traded bonds leave the Company the right (call option) to early redemption of securities in 4 years (at the end of the 8th coupon period ) at a price of 100.50% of the face value. An offer is also provided at the request of the owners (put option) in 7 years (at the end of the 14th coupon period) at par.
Gazprombank acted as the organizer and underwriter of the placement.
