St Petersburg Telecom, a subsidiary of Tele2 Russia, plans to issue ten-year bonds in order to raise a total of Rbs30bn, according to Telecompaper.
Tele2 Russia spokesperson Alexander Bakhorin said: “Our company is in the process of bonds issue…
St Petersburg Telecom, a subsidiary of Tele2 Russia, plans to issue ten-year bonds in order to raise a total of Rbs30bn, according to Telecompaper.
Tele2 Russia spokesperson Alexander Bakhorin said: “Our company is in the process of bonds issue registration, therefore the Russian law forbids to give the additional information during this period. I can say only that bonds will be placed at Moscow Interbank Currency Exchange (MICEX).”
The proceeds will reportedly be used for corporate activities and the development of the group.
Tele2 Russia plans to spend US$310m in capital expenditure this year.
