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Uranium One places USD300 million notes

Alfa-Bank announced that the Canadian Uranium One subsidiary of Russia’s Atomredmetzoloto (ARMZ) placed USD300 million in five-year notes at 6.2 percent. The securities were put up for sale at 98.95 percent of their par value with a coupon rate of 6.25 percent. The yield on the notes was 6.5 percent. The offering was arranged by Sberbank, Deutsche Bank, and Societe Generale. The road show for the offering took place in the U.S., in Switzerland, in Germany, and in the United Kingdom in late November and early December. The Russian company Atomredmetzoloto acquired full ownership of Uranium One in October 2013, dramatically increasing its ownership share from the 51.4-percent stake it had earlier.

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