Related Issuers
by Chris Reich
Oct 13, 2021 1:16 PM ET
Metalloinvest Finance DAC (METINR) exp issue ratings NR/BBB-/BBB- (sr debt ratings Baa3/BBB-/BBB-) US$650m 144A/Reg S 7yr guaranteed sr notes due 10/22/28. JPM/SberCIB/SG (B&D) as JGCs/JBRs; DB/Gazprombank/IMI-Intesa Sanpaolo/UBS/UniCredit/VTB as JLMs/JBRs. MWC then 3mos par call. Clean-up call. Guarantors: Joint Stock Company “Holding Company “METALLOINVEST”, Joint Stock Company Lebedinsky Mining and Processing Plant (“LGOK”), Andrei Varichev Mikhailovsky GOK (“MGOK”) and Alexey Ugarov OEMK (“OEMK”). List Euronext Dublin (GEM). English Law. UOP: Refinancing of USD 800m 4.85% Notes due 2024 via tender offer and concurrent consent to allow for the mandatory early redemption of the Existing Notes and for gcp. Pricing 10/13. Settle 10/22 (T+7).
IPTs: 3.625% area.
GUIDANCE: 3.50% area.
LAUNCHED: $650m 7y at 3.375% yield. Books went subject >$1.55bn pre-rec (incl $320m JLM int).
PRICED: $650m 3.375% 10/22/28 100.00 3.375% +199.5 vs 1.25% 9/30/28 (MS+199.5).