Tele2 Russia has postponed its planned Rbs6bn (US$196m) bond issue due to poor market conditions, Reuters reports.
The report referred to a statement by the parent company, Tele2 of Sweden, saying that the conditions offered by the market were not fully…
Tele2 Russia has postponed its planned Rbs6bn (US$196m) bond issue due to poor market conditions, Reuters reports.
The report referred to a statement by the parent company, Tele2 of Sweden, saying that the conditions offered by the market were not fully meeting the interests of Tele2 Russia in the borrowing area.
The bonds were reportedly to be raised by Tele2 Russia’s OJSC Saint-Petersburg Telecom subsidiary.
Raiffeisen Bank and VTB Capital were reportedly leading the issue.
Fitch Ratings assigned BB+ to the issue.
Last August, the company placed Rbs13bn (US$463m) via the same lead-arrangers.
Tele2 and Tele2 Russia were not immediately available for comments.
