METALLOINVEST issued debut five-year $750 mln Eurobonds

METALLOINVEST, one of the world's largest producers of iron ore, today announced the successful issue of 5-year $750 mln Eurobonds with a coupon rate of 6.5%. The maturity date is July 21, 2016. The final closing of the transaction will be completed by the end of next week on July 21, 2011. Raised capital will be used to refinance part of the company's credit portfolio.

The organizers of the issue: BNP Paribas, Bank of America Merrill Lynch, Credit Suisse, ING, JP Morgan, Royal Bank of Scotland, Société Générale, "Troika Dialog" and "VTB Capital". The order book was oversubscribed more than 4 times.