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Polyus swapped 20 Billion Rouble Bonds Issue

8 Oct 2019 07:51

RNS Number : 1104P
PJSC Polyus
08 October 2019
 

 

Press Release 8 October 2019

 

Polyus swapped 20 Billion Rouble Bonds Issueinto a fixed-rate USD facility

PJSC Polyus (LSE, MOEX - PLZL) («Polyus», the «Company») has entered into cross-currency swaps with banks to convert 20 billion 10-year (with a put option in 5 years) rouble bonds into a fixed-rate USD liability, following the successful placement on 4 October 2019. The interest rate was set at 3.23%, the lowest rate across the existing Polyus' debt portfolio, excluding convertibles.

In line with previous announcements, the Company plans to use proceeds for debt refinancing initiatives and other general corporate purposes.

Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented:

"Polyus' ability to obtain debt financing at favorable terms of investment-grade issuers reflects the strength of our balance sheet and low risk business model. With such an ability we will continue focusing on debt management, aiming at average interest rate reduction and maturity profile extension."

Polyus

Polyus is the largest gold producer in Russia and one of the top five gold miners globally with the lowest cost position. Based on its 2018 Ore Reserves and Mineral Resources, Polyus group ranks third by attributable gold reserves among the world's largest gold mining companies.

The Polyus group's principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

 

Enquiries

Investor contact

Victor Drozdov, Director Investor Relations

+7 (495) 641 33 77

drozdovvi@polyus.com 

 

Media contact

Victoria Vasilyeva, Director Public Relations

+7 (495) 641 33 77

vasilevavs@polyus.com 

 

Forward looking statement

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
25th Jun 200911:21 amRNSRule 8.1- OJSC Polyus Gold
25th Jun 200910:25 amRNSEPT Disclosure
24th Jun 200911:28 amRNSRule 8.1- OJSC Polyus Gold
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22nd Jun 200910:35 amRNSEPT Disclosure
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19th Jun 200911:49 amRNSRule 8.1- OJSC Polyus Gold
19th Jun 200911:42 amRNSEPT Disclosure
19th Jun 20099:22 amRNSRule 8.1- OJSC Polyus Gold
18th Jun 200912:04 pmRNSRule 8.1- OJSC Polyus Gold
18th Jun 200911:37 amRNSRule 8.1- Polyus Gold OJSC
18th Jun 200911:30 amRNSEPT Disclosure
17th Jun 200911:33 amRNSEPT Disclosure
17th Jun 200911:24 amRNSRule 8.1- OJSC Polyus Gold
15th Jun 20092:10 pmRNSRule 8.3- OjSC Polyus Gold
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15th Jun 200911:22 amRNSEPT Disclosure
12th Jun 20096:03 pmRNSOffer for KazakhGold Group Limited
12th Jun 200910:03 amRNSEPT Disclosure
12th Jun 20099:09 amRNSRule 8.1- OJSC Polyus Gold
11th Jun 200911:49 amRNSRule 8.1- OJSC Polyus Gold
11th Jun 200911:23 amRNSEPT Disclosure
11th Jun 20099:29 amRNSRule 8.1- OJSC Polyus Gold
10th Jun 200911:28 amRNSEPT Disclosure
10th Jun 20098:09 amRNSRule 8.1- OJSC Polyus Gold
9th Jun 200912:02 pmRNSRule 8.1- OJSC Polyus Gold
9th Jun 200911:43 amRNSEPT Disclosure
9th Jun 200911:37 amRNSRule 8.1- OJSC Polyus Gold
8th Jun 200910:19 amRNSEPT Disclosure
5th Jun 200911:35 amRNSEPT Disclosure
4th Jun 200911:40 amRNSRule 8.1- OJSC Polyus Gold
4th Jun 200911:36 amRNSEPT Disclosure
3rd Jun 200911:40 amRNSRule 8.1- OJSC Polyus Gold
3rd Jun 200911:36 amRNSEPT Disclosure
2nd Jun 200912:14 pmRNSEPT Disclosure
2nd Jun 200911:24 amRNSEPT Disclosure
1st Jun 200911:20 amRNSEPT Disclosure
29th May 20093:42 pmRNSPrice Monitoring Extension
29th May 200910:48 amRNSEPT Disclosure
28th May 200910:38 amRNSRule 8.1- OJSC Polyus Gold
28th May 200910:15 amRNSEPT Disclosure
27th May 20095:10 pmRNSBoard resolutions
27th May 200911:17 amRNSRule 8.1- OJSC Polyus Gold
27th May 200910:31 amRNSEPT Disclosure
26th May 20092:45 pmRNSRule 8.3- OJSC Polyus Gold
26th May 200910:52 amRNSEPT Disclosure

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