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Russia’s MegaFon plans RUB 15 billion of 7.3%-7.4% three-year bonds
By Susanna Moon
Chicago, Feb. 9 – PJSC MegaFon said it plans to price at least RUB 15 billion of three-year bonds with a coupon of 7.3% to 7.4%.
Gazprombank, Raiffeisenbank and Sberbank CIB are the lead arrangers, with Gazprombank as the placement agent.
Proceeds will be used for general corporate purposes and to refinance the company's existing liabilities, according to a notice from the issuer.
The books are expected to close at 7 a.m. ET on Friday, with the placement expected to follow on Feb. 19.
MegaFon is a Moscow-based telecommunications company.
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