Rostelecom Issues Bonds Totalling RUR 10 Billion
OREANDA-NEWS. January 18, 2013. Rostelecom OJSC (the “Group”) (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that it has started to pre-market its RUB 10 billion bond issue.
The Company is expected to issue one set of bonds by the end of January 2013, which form part of an approved bond issue programme worth a total nominal value of RUB 100 billion. This issue, Bond issue №18, will amount to RUB 10 billion. VTB Capital CJSC, Gazprombank OJSC and CJSC “Sberbank CIB” will organise the placements. The set of bonds will have the following main characteristics:
• The nominal value of a single bond will be RUB 1,000
• The bonds will mature in 5 years
• The coupon period has 182 days.
It is anticipated that order books will be opened on January 21, 2013, with a closing date of January 22, 2013.
It is expected that bonds will be traded on the MICEX–RTS Stock Exchange and will be included on Quotation list “A1”.
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