Uranium One Announces Final Terms for Refinancing of Bonds in Russia

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[{"type":"text","content":"\n\n\nTORONTO, Canada and MOSCOW, Russia, Aug. 22, 2013 /CNW/ - Uranium One\n today announced that it has negotiated definitive commercial terms and\n closed the order book for its offering (the \"Offering\") of\n approximately USD 378.8 million (RUB12,500,000,000) aggregate principal\n amount of Series 2 Ruble Bonds, originally announced in the Company's\n press release dated August 13, 2013.  The Company further announced\n that the order book for its public offering to repurchase the Company's\n existing USD 433.3 million (RUB14,300,000,000) aggregate principal\n amount of Series 1 Bonds, announced in the same press release, has also\n closed (the \"Repurchase\"), with 83% of the existing bonds submitted for\n repurchase.\n\n\nHighlights of the Series 2 Bond Offering\n\n\nThe Offering was over-subscribed.\n\n\nExpected gross proceeds of approximately USD 378.8 million\n (RUB12,500,000,000)\n\n\nRuble interest rate of 10.25%.\n\n\nEffective term of seven years from the date of issue.\n\n\nSeries 2 Bonds to be listed for trading on the Moscow Exchange.\n\n\nThe Offering is scheduled to close on August 23, 2013.\n\n\nHighlights of the Series 1 Bond Repurchase\n\n\nHolders of approximately USD 357.9 million (RUB11,809,941,000) aggregate\n principal amount of the Series 1 Bonds have tendered to the Repurchase.\n\n\nThe Repurchase is scheduled to close on August 23, 2013.\n\n\nFunding for the Repurchase will come from the proceeds of the Series 2\n Offering.\n\n\nThe terms of the remaining USD 75.5 million (RUB2,490,059,000) Series 1\n Bonds will remain unchanged with an effective U.S. dollar interest rate\n of 6.74% and maturity of November 30, 2016.\n\n\n(The U.S. dollar amounts given above are indicative and based on current\n spot exchange rate of USD 1 = RUB 33.0; both series of bonds are\n denominated and payable in rubles.)\n\n\nThe Offering and the Repurchase were arranged by CJSC \"Sberbank CIB\" (as\n lead arranger) and Gazprombank.\n\n\nThis announcement is being made concurrently with one or more similar\n Russian announcements in the form prescribed by the Russian Federal\n Service for Financial Markets.\n\n\nAbout Uranium One\n\n\nUranium One is one of the world's largest uranium producers with a\n globally diversified portfolio of assets located in Kazakhstan, the\n United States, Australia and Tanzania.  A...

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