Nornickel Places 3 Billion Yuan Bond Issue

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Norilsk Nickel issues CNY 3 billion worth of bonds

Norilsk Nickel (Nornickel) has successfully placed exchange-traded bonds (series BO-001P-17-CNY) worth CNY 3 billion at par value.

The company issued 3 million bonds, each with a face value of CNY 1,000, through an open subscription.

The bonds have a maturity period of 4 years, with a coupon period of 30 days.

The coupon rate for the entire term of the bonds was set at 7.60% per annum following the bid collection process.

Tabula Rasa Investment Company acted as the placement agent.

An overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.