Norilsk Nickel reports timely retirement of eurobonds in full for amount of USD 500 million

Norilsk Nickel Finance Luxembourg S.A. retired a USD 500 million issue of Eurobonds and paid a coupon yield for the settlement date in the amount of USD 17.8 million. These funds will be distributed among Eurobonds holders by authorized agents Deutsche Bank AG and London Deutsche Bank Luxembourg S.A.

The first five-year issue of Eurobonds for the total value of USD 500 million was offered in September 2004. The six-month coupon rate was 7.125% per annum. The bonds were issued by Norilsk Nickel Finance Luxembourg S.A., a special purpose vehicle registered in Luxembourg. MMC Norilsk Nickel unconditionally and irrevocably guaranteed the Eurobonds. Proceeds of the bonds issue were used as financing for general corporate needs and investment projects of Norilsk Nickel Group (hereinafter – the Group).

Thus, the Group has carried out its obligations to Eurobond holders in full and in a timely manner.