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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.
 
END
 
 
MSCQVLBBKBFZFBQ
Date   Source Headline
6th Apr 20107:00 amRNSAGM convened
16th Feb 20107:50 amRNSPlacing Update and Shareholder Loan
25th Jan 20101:39 pmRNS2009 Preliminary operating results
25th Jan 201010:57 amRNSBlock Listing 6 monthly Return
20th Nov 20099:03 amRNSFollow-up announcement
19th Nov 200912:36 pmRNSAnnouncement
25th Sep 200911:43 amRNSFinancial statements 6 months 2009
15th Sep 20097:02 amRNSEGM preliminary results
17th Aug 20091:19 pmRNSKazakhGold Group Limited Board meeting
14th Aug 20097:00 amRNSOffer Update
12th Aug 200912:49 pmRNSAnnual Information Update
4th Aug 200911:17 amRNSRule 8.1- OJSC Polyus Gold
3rd Aug 200911:47 amRNSRule 8.1- OJSC Polyus Gold
3rd Aug 200911:39 amRNSEPT Disclosure
3rd Aug 200910:41 amRNSRule 8.1- OJSC Polyus Gold
31st Jul 200912:02 pmRNSRule 8.1- OJSC Polyus Gold
31st Jul 20099:30 amRNSRule 8.1- OJSC Polyus Gold
30th Jul 20096:30 pmRNSOffer Update
30th Jul 20095:08 pmRNSNotice of EGM
30th Jul 20094:58 pmRNSBoard resolutions
30th Jul 200911:20 amRNSEPT Disclosure
30th Jul 20099:29 amRNSRule 8.1- OJSC Polyus Gold
29th Jul 200912:16 pmRNSRule 8.1- OJSC Polyus Gold
29th Jul 200911:50 amRNSEPT Disclosure
29th Jul 200911:49 amRNSEPT Disclosure
29th Jul 200910:11 amRNSPreliminary Operating Results
28th Jul 200911:54 amRNSEPT Disclosure
28th Jul 200910:20 amRNSRule 8.1- OJSC Polyus Gold
27th Jul 200912:11 pmRNSBlock Listing Six Monthly Return
27th Jul 200911:21 amRNSEPT Disclosure
27th Jul 200911:19 amRNSEPT Disclosure
27th Jul 200911:08 amRNSRule 8.1- OJSC Polyus Gold
24th Jul 200911:26 amRNSEPT Disclosure
24th Jul 20098:56 amRNSRule 8.1- OJSC Polyus Gold
23rd Jul 200911:50 amRNSRule 8.1- OJSC Polyus Gold
23rd Jul 200911:04 amRNSEPT Disclosure
23rd Jul 200911:02 amRNSEPT Disclosure
22nd Jul 200911:10 amRNSRule 8.1- OJSC Polyus Gold
22nd Jul 200910:51 amRNSEPT Disclosure
22nd Jul 200910:50 amRNSEPT Disclosure
22nd Jul 200910:18 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:33 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:33 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - ~AMENDMENT
22nd Jul 20099:32 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:28 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:27 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:24 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:24 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:24 amBUSRule 8.1 - Kazakh Gold / Polyus Gold - AMENDMENT
22nd Jul 20099:21 amBUSRule 8.3 - Kazakh Gold / Polyus Gold - AMENDMENT

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