Rosbank became an organizer of a bond issuance of ICC Eurochem worth 19 billion rubles

    22 April

On April 9 JSC ICC Eurochem finished the placement of 3-year bonds worth 19 billion rubles. Rosbank acted as one of the organizers of the placement.

Coupon rate for 3-year ruble bonds was established on the level of 8,55%. The book that contained 65 applications from investors was resigned 1,5 times that let the indicative range of a coupon to be decreased 4 times during the bookbuilding. As a result, the Group could increase the volume of issuance almost two times.

“We are bonded by long-term fruitful business relations with Eurochem Group. We are glad to continue our partnership on the debt capital market and support the company during the process of fund attraction with maximum attractive rates”, Tatyana Ambrozhevich, Director of Debt Capital Market Department.

“It is the second successful deal on debt capital market for the Group this month. The issuances of bonds let us refinance upcoming payments in advance for 2019-2020. It corresponds with our conservative financial policy”,Kuzma Marchuk, Acting Executive Director of Eurochem Group AG.

The organizers of the placement were PJSC Bank FC Otkritie, PJSC Rosbank, JSC Sberbank CIB. Co-organizers of the placement were BC Region and SCB Peresvet. PJSC Rosbank was an agent for the placement.