On 30 October 2017, Eurotorg LLC being the first ever corporate issuer from Belarus placed its debut 144A /Reg S Eurobond due in 2022, raising USD 350 million in gross proceeds. The coupon rate was set at 8.75% per annum and will be paid semi-annually.
Listing Particulars are available on the link.
|Issue Structure:||Loan Participation Note|
|Issue Size:||USD 350,000,000|
|Settlement/Issue Date:||30 October 2017|
|Final Maturity Date:||30 October 2022|
|Interest Payment Dates:||Semi-annually in arrears on 30 April and 30 October of each year commencing 30 April 2018|
|Amortization:||30 April, 2021||USD 50,000,000|
|30 October, 2021||USD 50,000,000|
|30 April, 2022||USD 125,000,000|
|30 October, 2022||USD 125,000,000|
Standard & Poor’s: "В-"
|Listing:||Irish Stock Exchange Global Exchange Market|
|Distribution:||Rule 144A / Regulation S|
|Joint Global Coordinators and Joint Bookrunners:||J.P. Morgan Securities plc and SIB (Cyprus) Limited|
|Joint Bookrunner:||Renaissance Securities (Cyprus) Limited|
|Trustee:||BNY Mellon Corporate Trustee Services Limited|
|Principal Paying and Transfer Agent:||The Bank of New York Mellon, London Branch|
|Registrar and Transfer Agent:||The Bank of New York Mellon, SA/NV, Luxembourg Branch|
|U.S. Paying Agent and Transfer Agent:||The Bank of New York Mellon, New York Branch|