The bond offering of US$ 500 million due December 15, 2014 was issued pursuant to rule 144A/Regulation S. The issue was well received in the market and was priced at a re-offer spread of 98 basis points over the US Treasuries giving a yield of 5.337% per annum. This corresponded to a spread of 57 basis points above Libor at the time of pricing.
Yara has recently been rated Baa2 (stable outlook) by Moody's and BBB (stable outlook) by Standard & Poor's.
Contact |
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
E-mail egil.hogna@yara.com
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
E-mail arne.cartridge@yara.com
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen based chemicals and is the leading supplier of liquid CO2.