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Rostelecom announces RUB 10 bln Bond placement Coupon rate set at 6.3% per annum

·5-min read

ROSTELECOM PJSC (RKMD)
07-Oct-2020 / 16:31 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Rostelecom announces RUB 10 bln Bond placement
Coupon rate set at 6.3% per annum

Moscow, Russia - October 7, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces the placement of its 002P-05R* series bonds at a coupon rate of 6.3% per annum. The bonds have a total nominal value of RUB 10 billion, maturity of 5 years and a nominal value of RUB 1,000 each. The 002P-05R series Rostelecom bonds are expected to be placed on the Moscow Exchange (MOEX) on 14.10.2020.

Funds raised from the bond placement are expected to be used for refinancing purposes. The lead arranger of the offering is Region broker.

Sergei Anokhin, Senior VP and CFO of Rostelecom:

"Management reiterates our major goal of maintaining a comfortable debt structure by increasing the cheaper, long-term debt portion of our debt portfolio. It is clear there is only limited scope for a further decrease of the key rate in Russia. Thus, we are using this window of opportunity to replace the more expensive back book of liquidity with cheaper public debt via a traditional bond instrument. We appreciate the confidence investors have displayed in Rostelecom's strong credit rating, which has enabled us to attract the financial resources we seek from the market."

*The programme of listed bonds, identification number 4-00124-A-002P-02E from 15.12.2015, totaling RUB 200 billion.

 Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.

* * *

Rostelecom is the largest integrated digital services and products provider, operating in all segments of the telecommunications market in Russia. The Company serves millions of households, state and private enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed Internet access and pay-TV. The total number of broadband users stands at over 13.4 mln users, it has more than 10.7 mln pay-TV customers, over 5.8 mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a Rostelecom subsidiary, is a major player in the mobile market with over 44 mln subscribers and the industry-leading NetPromoter Score, a customer satisfaction benchmark.

The Group is the leading provider of telecommunications services to government bodies and corporates of all levels.

Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centers and cloud computing, biometry, healthcare, education and housing & utility services. * * *

Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and intended to be covered by the safe harbours created thereby.

Those forward-looking statements include, but are not limited to:

 

Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include:

Many of these factors are beyond the Company's ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances upon the annual report publication or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.

 


ISIN:

US7785291078

Category Code:

MSCM

TIDM:

RKMD

LEI Code:

2534001D752JPNM0H170

Sequence No.:

85573

EQS News ID:

1139462


 

End of Announcement

EQS News Service

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