Russia’s Rostelecom said three local banks will organise upcoming bond issues expected to raise a total Rbs100bn (US$3.2bn).
Sberbank CIB, VTB Capital and Gazprombank were selected for the placements following a tender process, the Moscow-based telco…
Russia’s Rostelecom said three local banks will organise upcoming bond issues expected to raise a total Rbs100bn (US$3.2bn).
Sberbank CIB, VTB Capital and Gazprombank were selected for the placements following a tender process, the Moscow-based telco announced today.
According to a company spokesperson Rostelecom plans to give more details on the first placement within days.
Rostelecom senior vice president Anton Khozyainov said in a statement that, together, the banks are well-placed to manage a successful issue.
“The bonds are likely to be placed in stages and we believe the current market environment will enable Rostelecom to achieve attractive terms,” he said.
Rostelecom announced in late March that its board of directors had approved bond issues totalling Rbs100bn to refinance existing debt and fund “strategic objectives”.
