Sistema PJSFC (SSA)
Sistema PJSFC: Sistema signs new loan agreements with Sberbank
26-Nov-2019 / 09:46 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.
Sistema signs new loan agreements with Sberbank
Moscow, 26 November 2019 - Sistema PJSFC ("Sistema" or the "Corporation")
(LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding
company, announces that it has signed new loan agreements with PJSC Sberbank
of Russia ("Sberbank") to further optimise the Corporation's debt portfolio.
Under the agreements reached with Sberbank, the maturity of the RUB 59.3bn
secured loan issued in February 2018 has been extended from 2023 to 2025.
The loan is repayable during 2024 and 2025. The maturity of the RUB 24.0bn
unsecured loan issued in July 2018 has been extended from 2021 to 2024.
Vladimir Travkov, Sistema's Vice President for Finance and Investment,
commented:
"The new terms of the loan agreements with Sberbank increase the duration of
our debt portfolio, set a comfortable repayment schedule and reduce the
interest rate. The new terms have become possible thanks to our long-term
strategic partnership with Sberbank. These terms also reflect the
strengthening of the Corporation's financial position as it has succeeded in
further diversifying its sources of funding, including through an active
presence in public capital markets."
***
Sistema is a publicly-traded diversified Russian holding company serving
over 150 million customers in the sectors of telecommunications, high
technology, financial services, retail, paper and packaging, agriculture,
real estate, tourism and medical services. The company was founded in 1993.
Revenue in 2018 was RUB 777.4 bn; total assets equalled RUB 1.5 trn as of 31
December 2018. Sistema's global depositary receipts are listed under the
"SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are
listed under the "AFKS" ticker on the Moscow Exchange. Website:
www.sistema.com [1]
***
For further information, please visit www.sistema.com [1] or contact:
Investor Relations Public Relations
Nikolai Minashin Sergey Kopytov
Tel: +7 (495) 730 66 00 Tel.: +7 (495) 228 15 32
n.minashin@sistema.ru kopytov@sistema.ru
This document does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe
for, any shares or other securities of PJSFC Sistema and/or any of its
subsidiaries and affiliated companies, nor shall any part of it nor the fact
of its distribution form part of or be relied on in connection with any
contract or investment decision relating thereto, nor does it constitute a
recommendation regarding the shares or securities of PJSFC Sistema and/or
any of its subsidiaries and affiliated companies.
ISIN: US48122U2042
Category Code: MSCM
TIDM: SSA
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 31489
EQS News ID: 921563
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=921563&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 26, 2019 01:46 ET (06:46 GMT)
