Russia’s Rostelecom has placed its five-year Rbs10bn (US$330.9m) ‘Series 18’ bonds at 8.2% per annum and is planning an additional Rbs5bn (US$165.5m) offering shortly.
Announcing the news today, the telco said 52 investors placed orders totalling…
Russia’s Rostelecom has placed its five-year Rbs10bn (US$330.9m) ‘Series 18’ bonds at 8.2% per annum and is planning an additional Rbs5bn (US$165.5m) offering shortly.
Announcing the news today, the telco said 52 investors placed orders totalling Rbs22.7bn for the bonds, of which it has accepted 43.
The issue has a coupon period of 182 days and bonds have a nominal value of Rbs1,000 (US$33) each.
Settlement is expected to take place on 30 January and the bonds are set to be traded on the MICEX-RTS Stock Exchange.
Commenting on the offering, Rostelecom senior vice president Anton Khozyainov said: “Based on the strong investor appetite for Rostelecom’s Series 18 bonds, we have decided to open our order book for an additional Rbs5bn of our Series 15 bond issue.”
VTB Capital, Gazprombank and Sberbank are arranging the deal. Underwriters are Ronin and Region Broker Company.
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.
