By Angela McDaniels
Tacoma, Wash., June 25 – Mobile TeleSystems PJSC priced RUB 15 billion of 8% six-year exchange-traded bonds, according to a 6-K filing with the Securities and Exchange Commission.
The technical placement of the bonds will be held on July 3 on the Moscow Exchange.
The lead arrangers were VTB Capital, Region BC and Sberbank CIB.
The company said more than 40 bids were received during the bookbuilding process on Tuesday amounting to around RUB 30 billion. As a result, the coupon rate was reduced to 8% from an initial range of 8.2% to 8.4%.
The company will use the proceeds to “further optimize its debt portfolio.”
Mobile TeleSystems is a telecommunications operator and digital services provider based in Moscow.
| Issuer: | Mobile TeleSystems PJSC
|
| Amount: | RUB 15 billion
|
| Issue: | Exchange-traded bonds, series 001P-10
|
| Tenor: | Six years
|
| Lead arrangers: | VTB Capital, Region BC, and Sberbank CIB
|
| Coupon: | 8%, payable quarterly
|
| Price: | Par of RUB 1,000
|
| Yield: | 8%
|
| Pricing date: | June 25
|
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