Metinvest places 1st Eurobond tranche at 9% p.a. - source
KYIV. Feb 8 (Interfax) - Metinvest B.V., the holding company for major Ukrainian mining and metals holding Metinvest, placed the first tranche of a seven-year Eurobond issue at 9% per annum on Monday, a market source told Interfax.
Placement volume is not yet known, the source said.
The securities have been registered on the Irish Stock Exchange. The issue organizers were Credit Suisse, Deutsche Bank, ING Bank, The Royal Bank of Scotland and VTB Capital.
As reported, the Metinvest B.V. Eurobond issue program calls for the possibility of placement in several tranches. Eurobonds in each series accommodate an exchange for other bonds this issue series. Details of the conditions pertaining to each tranche (date, price, first interest payment, and nominal tranche total) are to be announced by the company in "Final Terms."
International rating agency Fitch Ratings has assigned the planned issue of seven to ten-year dollar-denominated Metinvest Eurobonds an expected priority unsecured rating of B. Moody's has assigned an expected provisional (P)B2 rating with an outlook of "stable."