PhosAgro Redeems 2018 Eurobonds

Sample article from our Agriculture Industry

MOSCOW , May 17, 2023 (press release) –

PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has redeemed its five-year Eurobond issue (ISIN: XS1752568144 / US71922LAB53) in the amount of USD 500 million with a coupon rate of 3.949%.

The repayment of the bond issue was carried out separately for international and Russian investors, as had been previously approved by the holders of all three Eurobond issues.

The redemption partially used funds raised during PhosAgro's recent debut bond issues on Moscow Exchange – an issue of rouble-denominated exchange-traded bonds in the amount of RUB 20 billion and a CNY 2 billion issue of exchange-traded bonds, which attracted significant interest from investors.

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