Yara successfully prices third US dollar bond offering
(Thomson Reuters ONE) -
Oslo, 2 June 2016: Yara International ASA has successfully priced a new 10-year
bond offering of USD 500 million with a yield of 3.849% per annum.
The bond offering of USD 500 million due June 06, 2026 will be issued pursuant
to Rule 144A/Regulation S. The offering was well received in the market and was
priced at a re-offer spread of 200 basis points over the 10-year US Treasury.
The bonds have a coupon of 3.80% per annum. Yara intends to use the net proceeds
of the new issue for general corporate purposes.
This issue was Yara's third 10-year US dollar bond offering pursuant to Rule
144A/Regulation S. Yara previously issued US dollar bonds of USD 500 million in
June 2009 with maturity in 2019, and USD 500 million in December 2004 with
maturity in 2014.
"The new US bond will further increase our financial flexibility and extend our
maturity profile," says Torgeir Kvidal, Chief Financial Officer of Yara.
Moody's and Standard & Poor's have assigned a rating of the bonds of Baa2
(stable) and BBB (stable), respectively.
The bookrunners on this transaction were Barclays, Citi, Deutsche Bank, and J.P.
Morgan, co-managers were Danske Bank, SEB and SMBC Nikko.
Contact
Thor Giæver, Investor Relations
Office: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
E-mail: thor.giaver(at)yara.com
Petter Jessen, Yara Finance
Cellular: (+47) 92 88 54 94
E-mail: petter.jessen(at)yara.com
About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and
industrial customers' businesses profitably and responsibly, while protecting
the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields,
improve product quality and reduce the environmental impact of agricultural
practices. Our industrial and environmental solutions improve air quality by
reducing emissions from industry and transportation, and serve as key
ingredients in the production of a wide range of goods. We foster a culture that
promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide
presence, with close to 13,000 employees and sales to more than 150 countries.
www.yara.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via GlobeNewswire
[HUG#2017264]
Unternehmensinformation / Kurzprofil:
Datum: 02.06.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 475242
Anzahl Zeichen: 3238
contact information:
Town:
Oslo
Kategorie:
Business News
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"Yara successfully prices third US dollar bond offering"
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