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Yara International prices 10-year US$1.00B bond offering

Yara International ASA said May 24 that it priced a 10-year bond offering of US$1.00 billion with a coupon of 4.75% per year, with the proceeds to be used for general corporate purposes.

Moody's and S&P Global Ratings have assigned Baa2 and BBB ratings to the notes, respectively, according to the company.

The company said on May 18 that it was planning to launch a notes offering. The company previously issued U.S. dollar-denominated bonds of US$500 million in June 2009 with maturity in 2019 and US$500 million in June 2016 with maturity in 2026.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.