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MOSCOW, October 15. /TASS/. Norilsk Nickel floated $1 bln worth 7-year Eurobonds at the interest rate of 6.625%, the Russian mining and metals company said on Thursday.
Funds will be used to finance the capital expenditures program and for general corporate purposes, Norilsk Nickel said.
Over 300 investors participated in securities purchase, including 34% from the United States, 30% from the United Kingdom, 26% from Europe, 9% from Russia, and 1% from other countries.
Barclays Bank, Citigroup Global Markets, ING Bank, Societe Generale and UniCredit Bank acted as the deal organizers.
Net debt of Norilsk Nickel rose 1% to $3.6 bln at the end of the first half of 2015. Net debt / EBITDA ratio remained at 0.6%.
Norilsk Nickel is a diversified nickel and palladium mining and smelting company, with the largest operations are located in the Norilsk-Talnakh area, in northern Russia. The company is the number one producer of palladium across the globe.