Norilsk Nickel trade 'unaffected' by oil spill scandal

AdobeStock_NICKEL_575X375_03Sep2020
By Mariam Meskin
03 Sep 2020

Norilsk Nickel, the Russian metal and mining company, was set to issue a benchmark dollar bond on Thursday evening, just months after it was found responsible for a series of major diesel spills.

Norilsk Nickel’s Reg S/144A $500m senior unsecured bond has a tenor of five years. The deal, which was set to price on Thursday evening, was launched at a final yield of 2.55%.

The issuer, rated Baa2/BBB-, has come under increased scrutiny since it was found responsible for ...

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