Russia’s Rostelecom has closed the books for its third bond offering for the year – five-year bonds worth Rbs10bn (US$325m).
The ‘series 19’ bonds carry a coupon of 8.10%, the Moscow-based telco announced today.
They have a three-year put…
Russia’s Rostelecom has closed the books for its third bond offering for the year – five-year bonds worth Rbs10bn (US$325m).
The ‘series 19’ bonds carry a coupon of 8.10%, the Moscow-based telco announced today.
They have a three-year put option from placement and mature in 2018.
Rostelecom said the issue was fully subscribed, with total demand stretching to Rbs13.5bn (US$439m).
The bonds are set to be included on the MICEX-RTS Stock Exchange and settled on 12 March.
VTB Capital, Gazprombank and Sberbank co-ordinated the deal.
The issue forms part of Rostelecom’s Rbs100bn (US$3.26bn) bond programme. This year, the company has already placed an Rbs10bn bond and an Rbs5bn bond, both with five-year maturities.
