Metalloinvest placed a two-year bond denominated in Yuan at the lowest coupon rate of any comparable issue

Metalloinvest, a leading global producer and supplier of iron ore products and hot briquetted iron and one of the regional producers of high quality steel, announces the closing of the order book for the placement of Series 001P-12 exchange-traded bonds by open subscription for a total amount of RMB 1.5 billion.

The bookbuilding results set the final coupon at 10.20%, a reduction of 50 basis points from the level at the opening of the order book. To meet the strong demand from the investment community, the issue size was increased from RM500 million to RM1.5 billion.

Coupon payments will be made every 30 days. Technical placement on the Moscow Exchange is scheduled for 5 March 2025.

Alexey Voronov, the Company's Deputy General Director for Finance and Economics, commented: 'The new issue is the seventh RMB issue for the Company and the funds raised will be used to refinance current foreign currency liabilities. We appreciate the strong investor interest in our new issue and thank them for their confidence.