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Russia’s MegaFon receives puts for most of remaining series 05 bonds
New York, April 13 – PJSC MegaFon said that holders put back most of its remaining series 05 ruble-denominated bonds.
At the put date following the coupon revision on April 7, holders put 1,636,213 of the 1,750,704 bonds outstanding, leaving 114,491 remaining, according to a company announcement.
The coupon was reset to an annual rate of 0.1% and will apply for the coming six months, after which there will be a further reset and a further put.
MegaFon issued 10 million of the bonds in October 2012 and bought 8,249,296 in October 2014 in response to put exercises. On that date the coupon was reset to 9.85%.
MegaFon is a Moscow-based telecommunications company.
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