Norilsk Nickel places $1 billion of eurobonds

Norilsk Nickel has placed 7-year Eurobonds for $1 billion at 5.55% per annum, a source in banking circles reported. “Yesterday, the oversubscription was double, and today the demand before the order book was closed exceeded $6 billion,” – a source, who is familiar with the placement process, said.

“This is interesting and not expensive security. They managed to place bonds at the lower limit – 5.55% - due to the high demand,” – the source added.