PhosAgro ao

Capital/Financing Update • May 17, 2023

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author: Кузеванов Иван
date: 2023-05-17 11:13:00+00:00

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PhosAgro Redeems 2018 Eurobonds

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has redeemed its five-year Eurobond issue (ISIN: XS1752568144 / US71922LAB53) in the amount of USD 500 million with a coupon rate of 3.949%.

The repayment of the bond issue was carried out separately for international and Russian investors, as had been previously approved by the holders of all three Eurobond issues.

The redemption partially used funds raised during PhosAgro's recent debut bond issues on Moscow Exchange – an issue of rouble-denominated exchange-traded bonds in the amount of RUB 20 billion and a CNY 2 billion issue of exchange-traded bonds, which attracted significant interest from investors.

About the Company

PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world’s leading producers of mineral phosphorous fertilizers and of high-grade apatite concentrate grading 39% P2O5 and higher. PhosAgro’s fertilizers are highly effective, ensuring the improved quality of agricultural produce.

PhosAgro Group is the largest manufacturer of phosphate-based fertilisers in Europe (by total capacity of DAP/MAP/NP/NPK/NPS production), the largest producer of phosphite grading 39% P2O5 in the world and one of the leading global producers of ammonium and diammonium phosphate, one of Europe’s leading and the only producer in Russia of monocalcium phosphate feed (MCP), and the only producer in Russia of nepheline concentrate.

The company’s main products, including phosphite, 57 grades of fertilizer, phosphate feed, ammonium, and sodium tripolyphosphate, are used in around 100 countries on all inhabited continents. Our priority markets, besides Russia and the CIS, are Latin America, Europe, and Asia.

The company's shares are listed on the Moscow Exchange and its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (MOEX and LSE ticker: PHOR).

More information about PhosAgro PJSC can be found on our site: www.phosagro.ru