OREANDA-NEWS. EuroChem Mineral and Chemical Company announced that on 21 March 2007 it is completing its debut Eurobond issue. The issue of Reg S Loan Participation Notes, which is joint-lead by Citigroup, ING and UBS, raised $300 million with a five-year maturity offering a 7,875% coupon.  The issue has been more than four times oversubscribed. 

The Eurobond attracted strong international demand and was placed among a high quality and well diversified list of 135 investors in 20 countries. Fund managers and financial institutions took 69% of the issue, with hedge funds accounting for 20% and retail investors taking the remaining 11%. 

More than half the issue was subscribed by investors in the UK, with the balance coming from Europe, Asia, and US offshore areas. The Eurobonds are expected to be listed on the Irish Stock Exchange.