REG-PhosAgro PJSC PhosAgro PJSC: PhosAgro Informs Investors about Coupon Payment on Eurobonds 2023

PhosAgro PAOAnnouncement

28/04/2022 17:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: PhosAgro Informs Investors about Coupon Payment on
   Eurobonds 2023

   28-Apr-2022 / 19:40 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   For Immediate Release 28 April 2022

                                        

    

       PhosAgro Informs Investors about Coupon Payment on Eurobonds 2023

                                        

   Moscow - PJSC PhosAgro  ("PhosAgro" or "the  Company") hereby provides  an
   update on the status of the  latest coupon payment on Eurobonds issued  by
   PhosAgro Bond Funding  Designated Activity Company  (the "Issuer") in  the
   amount of USD 500,000,000,  with a coupon rate  of 3.949% and a  repayment
   date in 2023, for the purpose of issuing a loan to the Company.

   In order to protect the rights of bondholders, on 6 April 2022, more  than
   a week before the coupon payment was  due, the Company paid the Issuer  in
   full, in the amount  of USD 9,872,500, to  ensure that the coupon  payment
   was made on time.

   On 20 April  2022, the  Issuer instructed  the London  branch of  Citibank
   N.A., the principal paying agent, to make coupon payments to  bondholders.
   As of today, however, this instruction has not been carried out on account
   of additional steps being taken by the principal paying agent.

   Over the course  of several  days, the Company  has made  every effort  to
   ensure that the  coupon payment  is made  by providing  all the  requested
   information.

   Notwithstanding the fact that the Company is considered to have  fulfilled
   its obligation  to  pay the  coupon  in  accordance with  the  bond  issue
   documentation, the Company will continue to make every possible effort  to
   facilitate the coupon  payment by the  principal paying agent  as soon  as
   possible and will inform investors of the status of said payment.

   For further information, please contact:

    

   PJSC PhosAgro

   Andrey Serov, Head of the Investor Relations Department

   +7 495 231 2747 ext. 2183

    1 ir@phosagro.ru

    

   Timur Belov, Press Officer

   +7 495 231 2747 ext. 2652

   pr@phosagro.ru

    

   About PhosAgro

   PhosAgro (www.phosagro.ru)  is  one  of  the  world's  leading  vertically
   integrated phosphate-based  fertilizer producers  in terms  of  production
   volumes of phosphate-based fertilizers and high-grade phosphate rock  with
   a P2O5  content of  39% and  higher. PhosAgro's  environmentally  friendly
   fertilizers stand out for their high  efficiency, and they do not lead  to
   the contamination of soils with heavy metals.

   The Company is the largest  phosphate-based fertilizer producer in  Europe
   (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest  producer
   of high-grade  phosphate rock  with a  P2O5 content  of 39%,  a  top-three
   producer of  MAP/DAP  globally,  one  of the  leading  producers  of  feed
   phosphates (MCP) in Europe, and the only producer in Russia, and  Russia's
   only producer of nepheline concentrate (according to the RAFP)

   PhosAgro's main products include  phosphate rock, more  than 50 grades  of
   fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,  which
   are used  by  customers in  102  countries  spanning all  of  the  world's
   inhabited continents. The Company's priority markets outside of Russia and
   the CIS are Latin America, Europe and Asia.

   PhosAgro's shares are traded on the Moscow Exchange, and global depositary
   receipts (GDRs) for shares trade on  the London Stock Exchange (under  the
   ticker PHOR). Since 1 June 2016, the Company's GDRs have been included  in
   the MSCI Russia and MSCI Emerging Markets indexes.

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

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   ISIN:           US71922G2093
   Category Code:  MSCH
   TIDM:           PHOR
   LEI Code:       25340053KRUNNYUWF472
   OAM Categories: 2.2. Inside information
   Sequence No.:   158422
   EQS News ID:    1339003


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@phosagro.ru


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