Sistema Shyam TeleServices Ltd Raises INR 1280 Crore
OREANDA-NEWS. January 12, 2012. Sistema Shyam TeleServices Limited (SSTL) that nationally operates its telecom services under the MTS brand with over 15 million wireless customers, today announced the raising of a loan amounting to INR 1280 Crore through Non Convertible Debentures (NCD).
Sistema Shyam TeleServices Ltd Raises INR 1280 Crore
~ INR 1280 Crore raised through issuance of Non Convertible Debentures~
Gurgaon, 12th January 2012 – Sistema Shyam TeleServices Limited (SSTL) that nationally operates its telecom services under the MTS brand with over 15 million wireless customers, today announced the raising of a loan amounting to INR 1280 Crore through Non Convertible Debentures (NCD). Deutsche Bank is the lead banker of the issue.
According to Sergey Savchenko, Chief Financial Officer of Sistema Shyam Teleservices Ltd. “It was quite challenging to raise such significant funds with such long tenor under current uncertain regulatory environment in
The entire amount of INR 1280 Crore has been received by SSTL. The 8 year Debt is payable by 2019.
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