Russia’s MegaFon plans RUB 15 billion of 11.65%-11.85% 10-year bonds

By Susanna Moon

Chicago, Oct. 15 – PJSC MegaFon said it is offering RUB 15 billion of 3,640-day series BO-05 exchange bonds, with a coupon range of 11.65% to 11.85%.

The books are expected to close at 8 a.m. ET on Oct. 15, with placement on the Moscow Stock Exchange following on Oct. 23, according to a company notice.

The bonds will have a term of 3,640 days following placement, subject to a put option on the second anniversary of closing.

Proceeds will be used for general corporate purposes, including refinancing the company's liabilities.

Sberbank CIB, VTB Capital and Raiffeisenbank are the lead arrangers. Raiffeisenbank is the placement agent.

The bonds were admitted for trading on the Moscow Stock Exchange on June 27, 2013.

The telecommunications operator is based in Moscow.

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