Russian mobile operator MegaFon is reportedly proposing to issue Rbs10bn (US$320m) of senior-secured notes due 2022.
Standard & Poor’s has assigned the proposed notes, to be issued by subsidiary MegaFon Finance, a BBB- rating, in line with the…
Russian mobile operator MegaFon is reportedly proposing to issue Rbs10bn (US$320m) of senior-secured notes due 2022.
Standard & Poor’s has assigned the proposed notes, to be issued by subsidiary MegaFon Finance, a BBB- rating, in line with the company’s long-term corporate credit rating.
MegaFon was not immediately available for comment. A company spokesperson said in mid-May that the operator was working on a prospectus for a Eurobond, and that its timing would depend upon the London IPO it is still working towards.
As reported earlier today, MegaFon has just secured regulatory approval in Russia to list up to 20% of its shares abroad.
Back in May, TelecomFinance reported that a bond would be used to refinance loans totalling about US$4.5bn, which the company took out with six international banks ahead of its April ownership reshuffle.
