Russia’s ER Telecom has announced the successful completion of a bond issue for R15 billion (€181.6 million).
The maturity date is two years at a coupon rate of 9.5% per annum, with the value of the bonds being R1,000 and coupon period 91 days.
ER Telecom notes that due to significant interest in the new issue of bonds it managed to revise the coupon rate target downwards and then close the order book at the final coupon rate of 9.5% per annum. The oversubscription also increased the placement volume to a record high of R15 billion.
The issue was organised by Alfa-Bank, Otkritie Bank, VTB Capital, Gazprombank, Raiffeisenbank and Rosselkhozbank.
