EuroChem has borrowed money to refinance debts

EuroChem has completed two bond issues with a total value of 35 billion rubles ($ 480 million). Their maturity period is five years.

The first tranche was for 10 billion rubles at 8.25% per annum, and the second one – for 25 billion rubles at 8.05%.

About 50 investors took part in the transaction across both EuroChem bond tranches. EuroChem plans to use the proceeds from both bond issues to refinance short-term maturities.