Tele2 Russia is set to issue Rbs4bn (US$133.5m) of domestic bonds, according to ratings agency Fitch.
The agency said it expects the bonds to be issued on 7 February by OJSC Saint-Petersburg Telecom, a subsidiary of the company which, in turn, is…
Tele2 Russia is set to issue Rbs4bn (US$133.5m) of domestic bonds, according to ratings agency Fitch.
The agency said it expects the bonds to be issued on 7 February by OJSC Saint-Petersburg Telecom, a subsidiary of the company which, in turn, is part of the Tele2 group headquartered in Sweden.
The Series-05 bonds will have a stated maturity of 10 years, Fitch said, and an attached investors’ put option in the second year. The agency expects the bonds to have the same terms as the Series-01, Series-02 and Series-03 bonds issued in 2011 for Rbs13bn (US$463m).
Fitch has assigned the Series-05 bonds an expected ‘BB+(EXP)’ long-term senior unsecured rating and an ‘AA(rus)(EXP)’ national long-term rating.
Lat November, Tele2 Russia reportedly postponed a planned Rbs6bn (US$196m) bond issue because of poor market conditions.
