Yara prices US dollar bond offering

Oslo, 28 May 2020: Yara International ASA today priced a new 10-year bond offering of USD 750 million (the “Notes”).

The bond offering will be issued pursuant to Rule 144A/Regulation S. The bonds have a coupon of 3.148% per annum. Yara intends to use the net proceeds of the new issue for general corporate purposes as well as to repay certain existing indebtedness.

Moody's and Standard & Poor's have assigned a rating to the bonds of Baa2 (stable) and BBB (stable), respectively.

Contact

Thor Giæver, Head of Investor Relations
Mobile: [phone]
E-mail: [e-mail]

Nina Kleiv, Head of Finance, Treasury & Insurance
Mobile: [phone]
E-mail: [e-mail]

Liv Bergh, Head of Funding
Mobile: [phone]
E-mail: [e-mail]

Cautionary Statements

This press release is for information purposes only and does not constitute any offer to sell or the solicitation of an offer to buy any security in the United States or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or applicable state or foreign securities laws and may not be offered or sold in the United States absent registration under federal or applicable state securities laws or an applicable exemption from such registration requirements. The Notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

Ratings are not a recommendation to purchase, hold or sell notes, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The ratings are based upon current information furnished to the rating agencies by the issuer and information obtained by the rating agencies from other sources. The ratings are only accurate as of the date thereof and may be changed, superseded or withdrawn as a result of changes in, or unavailability of, such information. Each rating should be evaluated independently of any other rating.