Norilsk goes for dollars but spill scandal concerns remain

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By Mariam Meskin
01 Sep 2020

Norilsk Nickel, the Russian metal and mining company which has found itself under heightened scrutiny in recent months after a series of major oil spills, is set to raise a dollar denominated benchmark bond this week. Russian telecom major Veon was also in the market for its second rouble offering in recent months.


Norilsk Nickel’s RegS/144A dollar senior unsecured bond will have a tenor of five years. Investor calls are being held on Tuesday and Wednesday. 

The issuer, rated Baa2/BBB-, has come under increased scrutiny of late after it was found to be responsible for oil spills in Russia’s Arctic region. The ...

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