- Oops!Something went wrong.Please try again later.
ROSTELECOM PJSC (RKMD)
Rostelecom announces RUB 15 bln Bond placement
Coupon rate set at 7.7% per annum
Moscow, Russia - July 13, 2021 - Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces the placement of its 002P-06R series bonds at a coupon rate of 7.7% per annum. The bonds have a total nominal value of RUB 15 billion, maturity of 5 years and a nominal value of RUB 1,000 each. The 002P-06R series Rostelecom bonds are expected to be placed on the Moscow Exchange (MOEX) on July 23, 2021.
Proceeds generated from the bond placement will be used for refinancing purposes. VTB Capital, Sberbank CIB and Gazprombank acted as the offering's arrangers.
Sergei Anokhin, Senior VP and CFO of Rostelecom, commented: "The Rub15bn of proceeds raised via bond placement will be used to refinance Rostelecom's debt portfolio without increasing our debt burden. The issue was oversubscribed by 5 times, evidencing investors' confidence in Rostelecom's strong credit rating. As one of the most credible issuers on the market, we continue to enjoy long-term financing at most attractive rates, which helps us to maintain a comfortable capital structure".
* * *
PJSC Rostelecom is the largest integrated digital services and products company, operating in all segments of the telecommunications market in Russia. It 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 13.5 mln users, it has more than 10.8 mln pay-TV customers, over 6.1 mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a Rostelecom subsidiary, is a major player in the mobile market with the industry-leading NPS, a customer satisfaction benchmark. The joint mobile subscriber base is over 46.6 mln users.
Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centres and cloud computing, biometry, healthcare, education and housing & utility services.
During the 1q 2021, the Group generated RUB 132.0 bln of revenues, RUB 55.4 bln of OIBDA (42.0% of revenue) and RUB 11.8 bln of net income.
The Group's stable financial position is confirmed by its credit ratings. Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.
* * *
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.
EQS News ID:
End of Announcement
EQS News Service