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