New Issue: Russia's Sistema sells RUB 19 billion 12½% seven-year bonds at par

By Devika Patel

Knoxville, Tenn., Dec. 4 - Sistema Joint Stock Financial Corp. said it sold RUB 19 billion in 12½% unconvertible third series seven-year bonds at par. The issue was oversubscribed.

The bonds have a put option after three years.

VTB Capital was the organizer; Sberbank was co-lead manager and Globex Bank, Sviaz Bank and CentroCredit Bank were co-managers.

BFA, JPMorgan, Deutsche Bank, Locko-Bank, Nomos-Bank, Raiffeisen Bank, "RON Invest" and Sovkombank were underwriters, and Promsvyazbank, Renaissance Capital, Stroycredit Bank, Uglemetbank and URALSIB Bank were co-underwriters.

Sistema is a Moscow-based consumer services holding company.

Issuer:	Sistema JSFC
Issue:	Unconvertible third series bonds
Amount:	RUB 19 billion
Maturity:	Seven years
Agents:	VTB Capital, Sberbank, Globex Bank, Sviaz Bank, CentroCredit Bank, BFA, JPMorgan, Deutsche Bank, Locko-Bank, Nomos-Bank, Raiffeisen Bank, "RON Invest", Sovkombank, Promsvyazbank, Renaissance Capital, Stroycredit Bank, Uglemetbank and Uralsib Bank
Coupon:	12.5%
Price:	Par
Yield:	12.5%
Put:	After three years
Settlement date:	Dec. 4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.