By Susanna Moon
Chicago, Oct. 16 – PJSC MegaFon said it priced RUB 15 billion of 3,640-day series BO-05 exchange bonds with a coupon of 11.4%.
The coupon came within final guidance of 11.3% to 11.45%, which was lowered from the initial range of 11.65% to 11.85%.
The books closed on Oct. 15, with demand for the bonds leading to oversubscription by more than three times, 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.
The bonds were admitted for trading on the Moscow Stock Exchange on June 27, 2013.
The telecommunications operator is based in Moscow.
| Issuer: | PJSC MegaFon
|
| Issue: | Series BO-05 bonds
|
| Amount: | RUB 15 billion
|
| Maturity: | 3,640 days
|
| Coupon: | 11.4%
|
| Lead arrangers: | Sberbank CIB, VTB Capital and Raiffeisenbank
|
| Placement agent: | Raiffeisenbank
|
| Settlement: | Oct. 23
|
| Guidance: | 11.3% to 11.45%%, reduced from 11.65% to 11.85%
|
|
|
|
|
© 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.
