Norilsk Nickel successfully places $1 bullion Eurobonds

The offering was successfully executed enabling the Company to achieve the desired combination of parameters such as benchmark size, coupon, tenor and high quality order book.

The transaction was more than 4 times oversubscribed representing solid interest in the Norilsk Nickel new issue with participation of more than 300 investors with the following distribution: US (34%), UK (30%), Europe (26%), Russia (9%) and accounts from other countries (1%).

Barclays Bank, Citigroup Global Markets, ING Bank, London Branch, Societe Generale and UniCredit Bank acted as Joint Lead Managers for the offering. Debevoise & Plimpton acted as issuer's Legal Counsel and Linklaters and Linklaters CIS acted as JLM's Legal Counsel.

Sergey Malyshev, Chief Financial Officer of Norilsk Nickel, said: «We are delighted with the result we achieved particularly given the recent volatility in global financial markets. Our transaction is the first benchmark offering from Russia n corporates in 2015.»