“Mobile TeleSystems” intend to pre-28 November 2017 to collect applications for exchange bonds series 001P-04. The technical placement of securities on the stock exchange is tentatively scheduled for December 5, 2017.
The planned volume of placing – 10 billion rubles. With maturity of 1 year, the offer is not provided.
The benchmark rate of the 1st coupon is in the range of 7.80-7.95% per annum, which corresponds to yield to maturity at 7, 95-of 8.11% per annum, said a source in the market.
The organizers of the placement: Sberbank CIB, Raiffeisenbank, ROSBANK. The placement agent is Sberbank CIB.
Funds received from placing of bonds, the company plans to direct for refinancing of debt and General corporate purposes.
The issue is within the program of exchange bonds of series 001Р a total volume of 100 billion rubles or its equivalent in foreign currency. Earlier in the programme, the company has attracted three tranches in the amount of 35 billion rubles.