Polyus Gold’s $500 Million Eurobond Offering


Debevoise & Plimpton LLP advised PJSC Polyus on the issue by its indirect subsidiary Polyus Finance plc of $500 million guaranteed Eurobonds due 29 January 2024 with a coupon of 4.70% per annum.

Polyus is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2016 Ore Reserves and Mineral Resources, the Polyus Group, led by Pavel S Grachev, Mikhail Stiskin and Vladimir Polin, ranks second by attributable gold reserves and third by attributable gold resources among the world’s largest gold mining companies. In 2016 the company recorded $2 Billion Revenues.

The Debevoise team advising on the issuance was led by Moscow partner Natalia A. Drebezgina (Picture) and London partner James C. Scoville. The team also included London based international counsel Vera Losonci and associates Laurence Hanesworth and Jake Grandison as well as Moscow-based associates Timur G. Ochkhaev and Daria A. Serebrova. Tax advice was provided by New York partner Michael Bolotin and a London team consisting of partner Richard Ward, international counsel Cécile Beurrier and associate Sarah Ling.

Involved fees earner: Natalia Drebezgina – Debevoise & Plimpton; James Scoville – Debevoise & Plimpton; Vera Losonci – Debevoise & Plimpton; Laurence Hanesworth – Debevoise & Plimpton; Jake Grandison – Debevoise & Plimpton; Timur Ochkhaev – Debevoise & Plimpton; Daria Serebrova – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton; Cécile Beurrier – Debevoise & Plimpton; Sarah Ling – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Polyus Gold;

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