GeoProMining gets $200m as comfort with Russia grows

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By Francesca Young
12 Jun 2019

GeoProMining printed its $200m five year bond on Wednesday and a banker on the deal said the success of the note was a further sign of how much more comfortable investors have grown with Russia credit.

GeoProMining has a B+ rating from Standard & Poor’s. S&P said the borrower has a “high country risk in the countries of operation” but highlighted its “low cost of production” and favourable currency exchange from its operations in Armenia and Russia.

“Investors seem to be happy to take ...

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