IN BRIEF: Metlen Energy & Metals prices EU600 million debt offer

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Metlen Energy & Metals PLC - Athens-based aluminium producer and electricity generator - Prices offering of €600 million in senior notes due 2031 at 100% of issue price with a coupon of 3.875%. The €600 million raised in the debt issue was €100 million more than initially announced on Monday. The offering was led by BNP Paribas SA, Citigroup Inc, HSBC Holdings PLC and Morgan Stanley as joint global coordinators. Metlen says proceeds will be used to repay existing debt, for general corporate purposes, and to cover expenses related to the offering.

Separately, Chair & Chief Executive Officer Evangelos Mytilineos buys 20,000 shares via Kilteo Ltd and Melvet Investments Ltd at €40.35 and €40.94, worth €809,901, on Tuesday. Mytilineos has been buying shares steadily since Metlen’s London market debut in August. His holding is above 20%.

Current stock price: €42.45

12-month change: down 13%

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