Bonds
PJSC MMK notifies of the issuance of Russian law governed notes (the “Replacement Notes”) to exchange U.S. $500,000,000 4.375% guaranteed notes due 2024, issued by MMK International Capital DAC (ISIN: XS1843434959 / US553142AA88) (the “Guaranteed Notes”).
Instructions describing the exchange procedure of the Guaranteed Notes can be found here
To fill out an offer to exchange the Guaranteed Notes for the Replacement Notes please visit: https://mmk.ru/ru/oferta/
For all questions relating to the Replacement Notes, please contact MMK at: notes@mmk.ru.
REPLACEMENT NOTES ISSUANCE TIMELINE
| Сollection of offers | November 24 – December 2, 2022 09:00-16:00 (Moscow time) |
| Eurobond holders instruct their depositaries to transfer eurobonds to Issuer’s account (in case delivery is possible) | November 24 – December 2, 2022 09:00-16:00 (Moscow time) |
| Eurobond holders send confirmation of eurobond rights assignment (via Deed Poll of Assignment) | November 24 – December 2, 2022 09:00-16:00 (Moscow time) |
| Acceptance of Eurobonds by the Issuer (in case of delivery - settlement date) | December 6, 2022 |
| Issuer transfers Replacement Notes to eurobond holders | No later than December 8, 2022 |
Issues in circulation
| INSTRUMENT | Issues in circulation | Amount of issue | Coupon | Period | Issue date | Maturity date | Coupon payment days |
|---|---|---|---|---|---|---|---|
| Eurobonds 2024 | $500 000 000 | $500 000 000 | 4,375% | 5 years | 06/13/2019 | 06/13/2024 | 13.06./13.12 |