Nornickel’s $1 Billion Eurobond Offering

The Moscow and London offices of Debevoise & Plimpton LLP have advised longstanding client PJSC “MMC “Norilsk Nickel” (“Nornickel”) in its $1 billion Eurobond offering due 2023 with a coupon of 4.10% per annum.

The proceeds from the issue will be used for general corporate purposes and capital investments.

Nornickel is a diversified mining and metallurgical company, the world’s largest refined nickel and palladium producer, and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

Debevoise has previously advised Nornickel on a number of similar finance and capital market matters, including in three previous Eurobond offerings totaling $2.75 billion.

The Debevoise team advising Nornickel was led by London partner James C. Scoville (Picture), and included Moscow partner Alan Kartashkin, international counsel Dmitry Karamyslov, and associates Timur G. Ochkhaev and Svetlana V. Panfilova. Tax advice was provided by international counsel Cécile Beurrier and associate Patrick Fasoro.

 

Involved fees earner: James Scoville – Debevoise & Plimpton; Alan Kartashkin – Debevoise & Plimpton; Dmitry Karamyslov – Debevoise & Plimpton; Timur Ochkhaev – Debevoise & Plimpton; Svetlana Panfilova – Debevoise & Plimpton; Cécile Beurrier – Debevoise & Plimpton; Patrick Fasoro – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Norilsk Nickel;