By Susanna Moon
Chicago, Feb. 19 – Sistema JSFC said it placed RUB 10 billion of 17% 15-year series BO-01 bonds.
The bid book opened on Feb. 17, with the coupon set between 17% and 17½% with “strong demand” for the bonds, according to a company press release.
Gazprombank and Raiffeisen Bank were the co-lead managers, with Gazprombank as the underwriter.
Proceeds will be used to support investment and corporate activities.
Bondholders may put their bonds at “the point of expiration, 18 months from the date the bonds were placed,” the press release noted.
The bonds were placed on the Micex Stock Exchange.
Sistema is a Russian conglomerate based in Moscow.
| Issuer: | Sistema JSFC
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| Issue: | Notes
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| Amount: | RUB 10 billion
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| Maturity: | 15 years
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| Coupon: | 17%
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| Underwriter: | Gazprombank
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| Lead managers: | Gazprombank and Raiffeisen Bank
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| Co-managers: | MTS Bank and Rosselkhozbank
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| Pricing date: | Feb. 19
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