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Uralkali places US$500 million 5-year Eurobond

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World Fertilizer,

Uralkali has placed a US$500 million Eurobond, offering maturing on 22 October 2024 with an annual coupon rate of 4%, reflecting strong investor demand.

The Eurobond will be issued in the form of Loan Participation Notes and listed on the Euronext Dublin (Regulated Market).

The order book was twice oversubscribed, with the offering generating strong demand from global institutional investors, including from the US, UK and Continental Europe.

Anton Vishanenko, Uralkali CFO, commented: "We are pleased with Uralkali’s successful return to the international debt capital markets, having received strong interest from high-quality global fixed income investors. The success of this transaction is testament to our robust business strategy, prudent financial policy and strong liquidity position, as well as our proven track record of deleveraging."

"Uralkali holds a leading position in the potash sector, with superior profitability, strong free cash flow generation and one of the lowest cash Costs of Goods Sold (COGS) per tonne globally. The company is implementing several investment projects with one of the lowest CAPEX per tonne in the industry."

J.P. Morgan, Sberbank CIB, Société Générale and VTB Capital acted as Global Coordinators and Bookrunners.

Crédit Agricole CIB, ING, Natixis, Renaissance Capital, UBS and UniCredit acted as Joint Bookrunners of the offering.

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