Monday, June 5 2017 16:51

Polymetal extends Sberbank facility until 2024

ArmInfo. Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”)is pleased to announce thatit has agreed to extend its existing US$400 million credit facility with Sberbank for a period of 7 years.

 

The original US$ 400 million loan facility dates back from November 2013 and provided for the bullet repayment in November 2018. This instrument has now been extended for another seven years until June 2024 on the same key terms with an adjustment of the interest rate in line with the more competitive current market rates. The effective tenor of the facility is 5 years. Furthermore, Polymetal has entered into a strategic partnership agreement with Sberbank on broader cooperation in banking and related services. 

 

“This is an excellent deal for Polymetal. We are significantly extending the maturity profile of our debt portfolio while maintaining low interest costs. This is an important milestone in strengthening and developing our relationship with Sberbank” said Vitaly Nesis, Group CEO of Polymetal.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000