PJSC Polyus (MOEX — PLZL) ("Polyus", the "Company") has completed a debut issuance of 5.5-year gold bonds at a coupon rate of 3.10% per annum. The issue size amounted to 15 billion roubles, or approximately 2.6 tonnes in gold volumes.
Key highlights:
- Par value of each gold bond is equivalent to one gramme of gold in monetary value. The monetary par value will be calculated in Russian roubles based on the reference price for gold set by the Bank of Russia.
- The coupon payment period is 182 days.
The Company intends to use proceeds from the issue for refinancing of outstanding indebtedness and general corporate purposes.
Polyus
Polyus is a Top-5 global gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Investor and Media contact
Capital Markets Department
+7 (495) 641 33 77
ir@polyus.com
Forward looking statement
This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Forward-looking statements are generally identified by the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believe", "expect", "intend", "anticipate", "estimate" or similar expressions. 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 expenditure, 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 difficult to predict accurately and which are beyond the control of Polyus and/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to 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.