PhosAgro PJSC: PhosAgro Successfully Debuts on Russian Debt Market with Yuan-Denominated Bonds
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it successfully completed the book build for its first-ever issue of exchange-traded bonds in the amount of CNY 2 billion on Moscow Exchange.
- Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it successfully completed the book build for its first-ever issue of exchange-traded bonds in the amount of CNY 2 billion on Moscow Exchange.
- The bonds have a par value of CNY 1,000, a coupon period of 91 days and maturity in three years.
- Mikhail Rybnikov, CEO and Chairman of the Management Board of PhosAgro, said:
“Amid the current environment, we had quite a successful debut on Moscow Exchange with foreign-currency bonds. - In so doing, we have discovered a new space for raising capital on terms that are comfortable for the Company.”