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PhosAgro Successfully Issues RUB 20 Billion in Bonds

25.11.2024 | News

The bonds have a maturity period of five years, with a put option available after two years. The variable rate on the monthly coupon payments is set as the Bank of Russia key rate plus a spread of 200 bps.

“We successfully placed the bonds on the best-possible terms in the current market environment. The variable coupon was set at an enticing level that is available only to issuers with an excellent history of public placements and top credit ratings. The attention and trust shown by investors reflect our stable financial position and high credit quality,” said Alexander Sharabaika, Deputy Chairman of PhosAgro’s Board of Directors and Deputy CEO for Finance and International Projects.

Expert RA has assigned the issue its highest-possible credit rating, ruAAA.

PhosAgro plans to use the funds raised for general corporate purposes, including capital investments and refinancing its current liabilities.




 

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