OREANDA-NEWS. August 26, 2011. Uralkali (LSE: URKA), one of the world’s largest potash producers, on 22 August 2011 bought back its debut BO-01exchange-traded bonds (identification number 4B02-01-00296-A, admitted to trading 12.01.11) amounting to 29 999 993 bonds at the price of about RUR 30.9 billion (ca. USD 1.06 billion*), which is 103% of the nominal value. The Company acquired all bonds submitted for buy back, therefore, fulfilling its obligations as an issuer to the full extent.

Following the bond buyback the cross-currency interest rate swap transaction that hedged the Company’s ruble bond obligations was also terminated.

The BO-01exchange-traded bonds were placed on the MICEX in February 2011. The proceeds of the placement helped Uralkali to secure financing of the acquisition of 20% stake in Silvinit during the merger of the two companies.

*According to the exchange rate of the Central Bank of the RF as of 23 August 2011, which is 29.26 RUR per 1 USD