Mobile operator Tele2 Russia has announced the pricing of its Rbs6bn (US$202.5m) ‘Series 07’ domestic bond offering.
The company said subsidiary OJSC Saint-Petersburg Telecom has closed the books on the ten-year bonds, which have a put option …
Mobile operator Tele2 Russia has announced the pricing of its Rbs6bn (US$202.5m) ‘Series 07’ domestic bond offering.
The company said subsidiary OJSC Saint-Petersburg Telecom has closed the books on the ten-year bonds, which have a put option providing for an effective tenor of three years.
The books were priced at a coupon rate for the three-year period of 9.1% per annum, the statement read.
Tele2 Russia confirmed the issuer’s liabilities under the offering will be covered by its own and Tele2 Financial Services’ irrevocable undertakings.
Raiffeisen Bank and VTB Capital are the lead arrangers and bookrunners for the offering, while Ondra Partners acted as financial advisors for Stockholm-based Tele2.
