--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200203-phosagro-has-placed-new-eurobonds-to-its-benefit/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro has placed new Eurobonds to its benefit Publication Date: 2020-02-02T21:09:01-05:00 Last Updated: 2020-02-01T08:12:42-05:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro has placed new Eurobonds to its benefit](https://www.fertilizerdaily.com/wp-content/uploads/2020/02/PhosAgro.jpg) Business requires funding. Investors from the UK, the USA and Europe have bought about 70% of the new Eurobonds of PhosAgro, one of the world’s leading producers of phosphorus fertilizers, said Dmitry Gladkov, Acting Global Head of Investment Banking at Renaissance Capital, one of the banks that served as a managing underwriter. PhosAgro has closed the book for five-year Eurobonds in the amount of $ 500 million with a yield of 3.05% per annum. The initial benchmark yield was about 3.375% per annum but was reduced during book building period to the final range of 3.05-3.1% per annum. The demand for the company’s securities reached $ 2 billion. “This placement helped the company to widen credit spreads at the lowest coupon rate among corporate issuers from Russia and the CIS, along with significantly expanding its investor base with “blue chips”, leading funds from the USA and Great Britain. This is also a landmark deal for international debt capital markets, since it is the first corporate issue of 2020 by a company from an emerging market country with an investment rating,” he added. PhosAgro also intends to reacquire its own Eurobonds to pay back up to $150 million in 2021. Tags: [Eurobonds](https://www.fertilizerdaily.com/tag/eurobonds/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.