April 25, 2017 |
Russian fertilizer producer PhosAgro has set the final yield guidance for U.S. $500 million Eurobonds at 3.95–4.05%, a banking source told PRIME on Tuesday.
Demand for the issue has exceeded $1.9 billion, the source said.
Initially, the yield guidance was set at 4.00–4.25%, but later it was narrowed to 4.00–4.125%.
PhosAgro held a road show of its Eurobonds in Moscow, London and the U.S. on April 20–Monday. Citi, Sberbank CIB, VTB Capital, BofAML, SG CIB, UBS and UniCredit are the organizers.
|Full company name||PSC Phosagro|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Chemical and petrochemical industry|