Yara has successfully priced its second USD bond offer
Jun 05, 2009
The bond offering of US$ 500 million due June 11, 2019 was issued pursuant to rule 144A/Regulation S. The issue was well received in the market and was priced at a re-offer spread of 424.6 basis points over the US Treasuries. The offering was placed with a number of high quality investors.
The bonds have a coupon of 7.875 % per annum.
The new US bond will further increase our financial flexibility and strengthen our maturity profile, comments Egil Hogna, Chief Financing Officer of Yara.
Both Moody's and Standard & Poor's have assigned a rating of the bonds of Baa2 and BBB respectively.
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 33 98 32
Jens Hofgaard, Yara Finance
Telephone (+47) 24 15 74 99
Cellular (+47) 91 38 97 93