Uralkali (the Company; Moscow Exchange: URKA), one of the world’s largest potash producers, announces the book closing for RUB 30 billion exchange bond issue (series PBO-06-P), under its exchange bond programme.

The issue attracted significant interest from the market, 80 orders were placed in the book. A diversified investor pool consisting of banks, asset managers, insurance and investment companies as well as retail investors participated in book building. The overall demand exceeded the initially announced volume more than 3.5 times, which allowed the Company to increase the deal size from RUB 15 billion to RUB 30 billion, as well as to reduce the initial coupon guidance (6.95-7.10%) three times and close the book at 6.85%, which is the lowest coupon rate for the Company in its history of issuances on the Russian debt capital market.

The bond’s coupon period is 182 days, its nominal value is RUB 1,000. The bond matures in 5 years from the settlement date.

Sberbank CIB, VTB Capital, Alfa-Bank, Gazprombank, Credit Bank of Moscow, Raiffeisenbank and Renaissance Capital acted as Joint Lead Managers on the transaction with VTB Capital as the Settlement Agent.

Reference

The exchange bond programme № 4-00296-A-001P-02E was registered by the Moscow Exchange on August 6, 2015. The nominal value of the programme is RUB 200 billion or its foreign currency equivalent, the programme is valid for 20 years since registration.

Under the programme the Company can issue bonds of any volume and maturity period (maximum tenor is 10 years) and in any currency.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs more than 12,000 people in the main production unit. Uralkali’s shares are traded on the Moscow Exchange.