Support The Moscow Times!

Polyus Raises $750M

Russia's top gold miner Polyus Gold has raised $750 million via a debut seven-year eurobond issue, with a yield of 5.625 percent, an executive with one of the bookrunners said.

"The order book was more than two times subscribed despite market volatility and a fall in gold prices," Andrei Solovyev, Global Head of Debt Capital Markets at VTB Capital, told reporters late last week.

The other bookrunners and lead-managers of the issue were J.P. Morgan and Societe Generale.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.