Rostelecom is pre-marketing an Rbs10bn (US$330.2m) bond offering, which it intends to issue by the end of the month.
The Russian telco announced today that the new ‘number 18’ offering will have a maturity of five years and a coupon period of 182…
Rostelecom is pre-marketing an Rbs10bn (US$330.2m) bond offering, which it intends to issue by the end of the month.
The Russian telco announced today that the new ‘number 18’ offering will have a maturity of five years and a coupon period of 182 days. Single bonds will have a nominal value of Rbs1,000 (US$33) each.
VTB Capital, Gazprombank and Sberbank are set to organise the placements. Order books are expected to open on Monday 21 January and close the following day.
The bonds are expected to be traded on the MICEX-RTS Stock Exchange and included on the ‘A1’ quotation list.
The issue forms part of Rostelecom’s board-approved Rbs100bn (US$3.3bn) bond programme. The company placed an Rbs10bn, five-year bond with a coupon of 8.55% under the programme in November last year. At the time, Rostelecom said the timing of its next issue, then expected to total Rbs5bn (US$165.3m), would depend upon market conditions.
