The subscription offer exceeded the target amount by more than 4.5 times - at its peak, the order book exceeded a total of $ 2.2 billion. A wide range of international investors is represented in the final order book: 31%, 29% and 17% of the total placement volume is accounted for by investors from the USA, Europe and the UK, respectively; the remainder was split among investors from other regions of the world, with Citi, J.P. as lead arrangers and joint bookrunners of the Eurobond issue. Morgan and Société Générale. The $ 500 million guaranteed bonds with a rate of 4.375% and maturing in June 2024 were issued by MMK International Capital DAC, registered in Ireland and created for the sole purpose of issuing debt instruments and financing loans for MMK. Pavel Shilyaev, CEO of MMK, noted : “We are very pleased with the successful placement of the company's Eurobonds. The coupon rate of 4.375% is the lowest for dollar-denominated corporate placements in Russia and the CIS in almost a year and a half and is virtually zero premium to the yield curve of the Russian metallurgy and mining sector with a similar rating. We have seen extremely high interest from investors from around the world and believe that these bonds have marked the successful and confident return of MMK to the international bond market. ” Information about MMK PJSC Magnitogorsk Iron and Steel Works is one of the world's largest steel producers and occupies a leading position among the enterprises of ferrous metallurgy in Russia. The company's assets in the Russian Federation represent a large metallurgical complex with a full production cycle, from the preparation of iron ore raw materials to the deep processing of ferrous metals. MMK manufactures a wide range of steel products with a predominant share of high value-added products. In 2018, the company produced 12.7 million tonnes of steel and 11.7 million tonnes of commercial steel products. MMK Group's revenue in 2018 amounted to $ 8.214 billion, EBITDA - $ 2.418 billion.
Investor Relations: Andrey Serov tel .: +7 (3519) 24-52-97e-mail: [email protected]
External communications service: Dmitry Kuchumov tel .: +7 (499) 238-26-13e-mail: [email protected] Bulin +7 (499) 238-26-13e-mail: [email protected]
Disclaimer This press release is not an offer to sell or an offer to purchase any securities in the United States or any other jurisdiction to the person in respect of whom the relevant the offer is illegal in this jurisdiction. The securities referred to in this press release have not been and will not be registered under the US Securities Act and, with some exceptions, may not be offered or sold in the United States. Securities referenced in the press release are offered and traded outside the United States under Regulation S of the Securities Act (“Regulation S”) and within the United States to “qualified institutional purchasers” (as defined in Rule 144A) (“CIP This press release may only be circulated or transmitted for distribution to persons in the United Kingdom where section 21 (1) of the Financial Services and Markets Act does not apply and may only be communicated to those persons in the United Kingdom. Kingdom that (i) are subject to the terms of section 19 (5) of the Financial Services and Markets (Promotion of Financial Products) Act, Order of 2005 (as amended) (the “Order”) or (ii) which are subject to paragraph (a) - (d) Article 42 (2) (“companies with a high level of equity capital, associations without a legal entity, etc.”) of the Order (collectively these persons are interested parties). Within the United Kingdom, this press release may only be addressed to interested parties and should not be viewed or used by non-interested parties.
