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Russia’s MegaFon plans RUB 15 billion 5-year bonds at 7.5% to 8%
By Sarah Lizee
Olympia, Wash., Sept. 28 – PJSC MegaFon said it plans to offer RUB 15 billion of 5-year exchange bonds, according to a notice from the issuer.
The coupon is expected to be between 7.85% and 8% per annum, subject to final determination via a book building exercise.
BCS Global Markets, Gazprombank, Russian Agricultural Bank and UniCredit Bank are the lead arrangers.
The bonds will be listed on the Moscow Exchange on Oct. 9.
The company said it will use the proceeds for general corporate purposes, including the refinancing of its existing liabilities.
The bonds are offered under an exchange bonds program that began trading on April 20, 2016.
MegaFon is a Moscow-based telecommunications company.
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