Home / Press Releases / Metalloinvest's bond issue named the best deal in the industry in 2020

Metalloinvest's bond issue named the best deal in the industry in 2020

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Metalloinvest (the "Company"), a leading manufacturer and supplier of iron ore products and hot briquetted iron in the global market, one of the regional producers of high-quality steel, won the prestigious annual Cbonds Awards 2020.

Issue of exchange-traded bonds of HC Metalloinvest of BO-04 series for 10 billion rubles. was recognized by the financial community as the best IPO in the steel industry in 2020.

Alexey Voronov, Deputy. Director General for Finance and Economics of the Company, said: “We are grateful to the market participants for such a high assessment of our issue. Already during the formation of the order book, the demand exceeded the issue volume by more than three times, which confirms the interest of the investment community in the Company as a reliable and attractive issuer ”.

This year, this is Metalloinvest's second award in the financial market. Previously, the Company won the TXF international award in the category "Deal of the Year in Financing the Metals and Mining Sector in the Commodity Category".

For reference:

Exchange-traded bonds of the BO-04 series in the amount of 10 billion rubles. were placed by open subscription on February 12, 2020. The coupon rate is set at 6.55% per annum for a period of 6 years, with the initially announced range of 6.70-6.85% per annum.

An agreement on opening a pre-export credit line (PXF-2019/2) in the amount of 200 million euros was signed at the end of 2019 with 7 international financial institutions. The loan term to maturity - 6.5 years was a record for pre-export financing, ever attracted by the Company from international banks.

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