Norilsk Nickel snags lowest ever coupon with dollar Eurobond

By Lewis McLellan
22 Oct 2019

Norilsk Nickel printed a five year Eurobond on Monday, raising $750m with its lowest ever coupon.

The bond was priced to yield 3.375%, 25bp inside initial price thoughts.

“There were over 110 bids, and the order book exceeded $2bn at its peak,” said Andrey Solovyev, global head of DCM at VTB Capital. “Substantial investor demand allowed us to increase the deal volume from the $500m ...

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