Metinvest sold Eurobonds for $ 500 million.

The Metinvest group sold its five -year Eurobonds in the amount of $ 500 million. This was announced by an informed source.

"On Friday (May 14), Metinvest closed the" book "(applications) for $ 500 million," the source said.

According to him, the formal yield of Eurobonds amounted to 10.25% per annum, but Metinvest sold papers for 99.05% of the face value, therefore, the actual profitability was 10.5%.

As previously reported, at the end of April, the Metinvest group began Road-Show for its Eurobligations, which were planned to release the amount from $ 500 million to $ 1 billion.

The output underwriters are BNP Paribas, Credit Suisse, Ing, Royal Bank of Scotland and VTB Capital.

The shareholders of the Metinvest group are SCM (75%) and the group of companies Smart-Holding (25%), which take part in the management of the group on a partnership.

At the end of April, the FITCH International rating agency appropriated this issue of the Eurobligation of the Metinvest group priority unsecured rating B-.

Fitch notes that Metinvest plans to use revenues from bonds to finance the capital investment program and for general core purposes.