Polyus Finance Plc
Polyus Finance Plc: Polyus signs $150 million 5-year PXF-type Credit Facility
DGAP-News: Polyus Finance Plc / Key word(s): Financing
PJSC Polyus Polyus signs $150 million 5-year PXF-type Credit Facility
PJSC Polyus (LSE, MOEX – PLZL) (“Polyus”, the “Company”, and together with the Company subsidiaries, the “Group”) signed a debut pre-export financing type credit facility with Societe Generale Corporate & Investment Banking for a total amount of 150 million US dollars. The facility is due in 2024 and is secured by a domestic gold sales contract with a Russian bank. Polyus plans to use the proceeds of the facility for general corporate purposes. Mikhail Stiskin, Senior Vice President, Finance and Strategy, commented: “Polyus continues to pro-actively manage its debt portfolio, exploring new opportunities for increasing the flexibility of financing options. The ability to access new sources of financing is a result of the Company’s solid operational and financial performance, as well as our commitment to transparent financial reporting and adherence to best practice corporate governance”. Polyus Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2017 Ore Reserves and Mineral Resources, Polyus group ranks second by both attributable gold reserves and gold resources among the world’s largest gold mining companies. The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
15.02.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Polyus Finance Plc |
16 Berkeley Street | |
W1J 8DZ London | |
United Kingdom | |
Phone: | +44 (0)203 907 4050 |
E-mail: | sergei.nossoff@pgil.co.uk |
Internet: | http://polyus-finance.polyus.com/ |
ISIN: | XS1533922933 |
WKN: | A19CYF |
Listed: | Regulated Unofficial Market in Stuttgart; London |
End of News | DGAP News Service |