IFLR1000

Norilsk Nickel $1 billion 6.625% Eurobond issue

15/10/2015
Investment grade bond/note issue
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$ 1 billion

Completed

15/10/2015

Overview:

  • Russian mining and smelting company Norilsk Nickel, the world's leading producer of nickel and palladium and one of the top ten copper producers, secured a $1 billion loan wholly financed by the issuance of a Eurobond by MMC Finance in Ireland.
  • Barclays Bank, Citigroup Global Markets, ING Bank (London Branch), Société Générale and UniCredit Bank acted as joint lead managers for the issue, with the Citicorp Trustee Company serving as the trustee.

Jon Moore - Journalist

Jurisdiction:

Russia

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
United States
Russia
Ireland

Industry sectors:

Industrials and manufacturing
Mining

Firms:
Arthur Cox

Party: MMC Finance (Issuer)

Debevoise & Plimpton

Party: Norilsk Nickel (Borrower)

Lawyers: Alan Davies, James Scoville

Linklaters

Party: Barclays Bank (Lead manager)

Party: Citigroup Global Markets (Lead manager)

Party: ING Bank (Lead manager)

Party: Société Générale (Lead manager)

Party: Unicredit Bank (Lead manager)

Party: Citicorp Trustee (Trustee)

Lawyer: Cecil Quillen

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