Dow Jones received a payment from EQS/DGAP to publish this press release.
ROSTELECOM PJSC (RKMD)
ROSTELECOM PJSC: Rostelecom announces RUB 15 bln Bond placement
26-March-2019 / 18:51 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Rostelecom announces RUB 15 bln Bond placement
Coupon rate set at 8.45% per annum
Moscow, Russia - March 26, 2019 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX:
ROSYY), the largest digital service provider in Russia, today announces the
placement of its 001P-05R[1]series bonds at a coupon rate of 8.45% per
annum. The bonds, with a total nominal value of RUB 15 billion, have a
three-year put option from placement and a maturity of 10 years with a
nominal value of RUB 1,000 each.
The 001P-05R series Rostelecom bonds are expected to be placed at the Moscow
Exchange (MOEX) on April 03, 2019.
The funds from the bonds placement are expected to be used for the
refinancing purposes.
The lead arrangers of the offering are VTB Capital, Sberbank CIB,
Gazprombank, Rosbank.
50 book orders were placed from all groups of investors, including banks,
investment companies, management companies, insurance companies and private
investors. The issue was oversubscribed by over 5 times at peak of demand
which resulted in the extension of the initial bond placement to RUB15 bln.
Sergei Anokhin, Senior VP and CFO, commented: "We are very delighted to see
the positive momentum in the financial market, and we decided to use it to
optimize our own debt portfolio. I am especially pleased to see great
interest from investors, as we managed to attract long term money at a very
attractive rate".
* * *
PAO Rostelecom is the largest digital service provider, operating in all
segments of the telecommunications market in Russia, it serves millions of
households, the state and private enterprises across the country.
Rostelecom is Russia's undisputed market leader, providing high-speed
Internet access to 12 million families and pay-TV services to 10.1 million
families, over 5.2 million of which are subscribed to Rostelecom's IPTV
services on a national level. Rostelecom's Rostelecom's MVNO base is over
1.2 million users. The Company develops digital solutions for smart homes,
online education, telemedicine and other services.
The Group is also the leading provider of telecommunications services to
government bodies and corporates of all levels with more than 1.0 million
legal entities currently using Rostelecom's high-speed Internet services and
VPN.
In the twelve months of 2018, the Group generated RUB 320.2 billion of
revenues, RUB 100.9 billion of OIBDA (31.5% of revenue) and RUB 15.0 billion
of net income.
Rostelecom is a key strategic innovator that provides solutions in the
following fields: E-Government, cybersecurity, data centers and cloud
computing, biometry, healthcare, education and housing & utility services.
The Group's stable financial position is confirmed by its credit ratings.
Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings
by Fitch Ratings and Standard&Poor's respectively, and AA(RU) by ACRA.
* * *
Certain statements in this press release are forward-looking statements
within the meaning of the U.S. federal securities laws and intended to be
covered by the safe harbours created thereby.
Those forward-looking statements include, but are not limited to:
? Assessment of PAO Rostelecom's (the Company) future operating and
financial results as well as forecasts of the present value of future cash
flows and related factors;
? The Company's plans to take ownership stakes in other organisations;
? the Company's anticipated capital expenditures and plans to construct
and modernize its network;
? the Company's expectations as to the growth in demand for its services,
plans relating to the expansion of the range of its services and their
pricing;
? the Company's plans with respect to improving its corporate governance
practices;
? the Company's expectations as to its position in the telecommunications
market and forecasts on the development of the market segments within
which the Company operates;
? economic outlook and industry trends;
? the Company's expectations as to the regulation of the Russian
telecommunications industry and assessment of impact of regulatory
initiatives on the Company's activity;
? other statements regarding matters that are not historical facts.
Such forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ materially from
those expressed or implied by these forward-looking statements. These risks,
uncertainties and other factors include:
? risks relating to changes in political, economic and social conditions
in Russia as well as changes in global economic conditions;
? risks relating to Russian legislation, regulation and taxation,
including laws, regulations, decrees and decisions governing the Russian
telecommunications industry, securities industry as well as currency and
exchange controls relating to Russian entities and their official
interpretation by regulatory bodies;
? risks relating to the Company, including the achievement of the
anticipated results, levels of profitability and growth, ability to create
and meet demand for the Company's services including their promotions, and
the ability of the Company to remain competitive in a liberalized
telecommunications market;
? technological risks associated with the functioning and development of
the telecommunications infrastructure, technological innovations as well
as the convergence of technologies;
? other risks and uncertainties. For a more detailed discussion of these
and other factors, see the Company's Annual Report and the Company's other
public filings.
Many of these factors are beyond the Company's ability to control or
predict. Given these and other uncertainties, readers are cautioned not to
place undue reliance on any of the forward-looking statements contained
herein or otherwise. The Company does not undertake any obligation to
release publicly any revisions to these forward-looking statements (which
are made as of the date hereof) to reflect events or circumstances upon the
annual report publication or to reflect the occurrence of unanticipated
events, except as may be required under applicable laws.
=---------------------------------------------------------------------------
[1] The programme of listed bonds, identification number 4-00124-A-001P-02E
from 15.12.2015, totaling RUB 100 billion.
ISIN: US7785291078
Category Code: MSCM
TIDM: RKMD
LEI Code: 2534001D752JPNM0H170
Sequence No.: 7958
EQS News ID: 791733
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 26, 2019 11:51 ET (15:51 GMT)
