Uralkali Closes Debut Eurobond Issue

29.04.2013
Uralkali Closes Debut Eurobond Issue

Not for release, distribution or publication, directly or indirectly, into or in the United States, Canada, Australia, Japan or, subject to certain exceptions, the Russian Federation.

Uralkali (LSE: URKA), one of the world’s largest potash producers, announces the successful closing and issuance by Uralkali Finance Limited of its US$ 650,000,000 3.723 per cent loan participation notes due 2018 (the “Eurobonds”).The Eurobonds were issued for the sole purpose of financing a corresponding loan to Uralkali and were admitted to trading on the Main Securities Market of the Irish Stock Exchange on 29 April 2013.

Bank of America Merrill Lynch, Goldman Sachs International, Sberbank CIB and VTB Capital acted as the Joint Lead Managers for the offering.

Uralkali intends to use the proceeds fr om the Eurobond issue for general corporate purposes.

Uralkali’s debut offering represents the first investment grade credit fr om mineral fertilliser sector from Russia, marking an important milestone for the market. This offering also marks the second lowest ever non-sovereign or state-controlled five-year US$ Eurobond coupon for an issuer from Russia and the CIS.

The high quality order book was significantly oversubscribed, with a high level of granularity and geographic diversificationand participation from a wide range of institutional investors, banks and funds.

Viktor Belyakov, Uralkali CFO, commented:

“The successful placement of our debut Eurobond issue reflects Uralkali’s strong financial position and prospects for future sustainable growth. The US$ 650 million offering is another testament to the quality and investment grade status of Uralkali’s credit”.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers with a market share of about 20%. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,800 people (in the main production unit).Uralkali’s shares and GDRs are traded on the Moscow Exchange and LSE, respectively.

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The information contained herein is not for release, distribution or publication, directly or indirectly, into or in the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia or Japan. These written materials are not an offer to sell or a solicitation of an offer to buy any securities of Uralkali Finance Limited or OJSC Uralkali in the United States, Canada, Australia or Japan or in any other jurisdiction where such offer or sale would be unlawful.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States. Consequently, the securities may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the securities is being made in the United States.
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