Wednesday, January 15, PhosAgro (the main beneficiaries – the family of Andrei Guriev is a senior and the rector of the St. Petersburg mining University Vladimir Litvinenko) has placed Eurobonds worth $500 million with maturity until January 23, 2025, told “Vedomosti” the investment banker and confirmed a source close to one of the parties to the placing. The demand for Eurobonds reached $2 billion, the final benchmark yield made up 3.05 to 3.1%.The last time the company came to the bond market two years ago, then she placed a Eurobond of $500 million, the Representative “FosAgro” has refused comments.
PhosAgro is Russia’s largest and the world’s fourth largest producer of phosphate fertilizers, the capitalization on the London stock exchange — $5 billion, “the success of the placement is linked to the high credit quality of the company and with the selected optimal time of placement is the beginning of the year with minimal competing offer and high liquidity,” said an investment banker. According to one of interlocutors of “Vedomosti”, the rate of record low for dollar-denominated bonds issued by Russian borrowers.
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