Sistema PJSFC: Sistema PJSFC raises record funds on the bond market

DJ Sistema PJSFC: Sistema PJSFC raises record funds on the bond market

Sistema PJSFC (SSA) 
Sistema PJSFC: Sistema PJSFC raises record funds on the bond market 
 
01-Dec-2020 / 19:25 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            Sistema PJSFC raises record funds on the bond market 
 
    Moscow, 01 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the 
  Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding 
   company, announces the successful completion of the book-building process 
    for RUB 5 billion series 001?-16 bonds and RUB 14 billion series 001?-17 
   bonds. As a result of the book-building, the coupon rate was set at 6.10% 
per annum for series 001?-16 bonds and at 6.75% per annum for series 001?-17 
                         bonds. 
 
The nominal value per bond is RUB 1,000. The term to maturity of each series 
is 10 years from the date of placement. The coupon period for series 001?-16 
 bonds is 91 days with a put option in 2.25 years, and the coupon period for 
        series 001?-17 bonds is 182 days with a put option in 4.5 years. The 
 securities meet the requirements for inclusion into the Level 1 of the List 
                       of securities admitted to trading at Moscow Exchange. 
 
          Vladimir Travkov, Sistema's Vice President for Finance, commented: 
 
                  "We note a significant investor interest in both issues of 
    rouble-denominated bonds of a total of RUB 19 billion. Proceeds from the 
      placement will be used for refinancing of the debt portfolio. In 2020, 
    Sistema continued to implement its strategy aimed at optimising the debt 
 portfolio and reducing the cost of debt. As a result of our active presence 
  on the debt market and favorable market conditions, we have attracted more 
    than RUB 60 billion in total taking into account the new bond issues and 
                         secondary placements". 
 
      AK Bars Bank, Otkritie Bank, IFC Solid, the Russian Agricultural Bank, 
    Sberbank CIB, Univer Capital, BCS Global Markets, MTS Bank, VTB Capital, 
PromSvyazBank, Alfa Bank, Veles Capital, and RosBank acted as lead arrangers 
                        of the issue. Otkritie Bank was the placement agent. 
 
      Sistema PJSFC is a publicly-traded diversified Russian holding company 
    serving over 150 million customers in the sectors of telecommunications, 
      high technology, banking, retail, timber processing, agriculture, real 
   estate, tourism and healthcare services. The company was founded in 1993. 
Its revenue in 2019 reached RUB 656.9 billion; its total assets equalled RUB 
   1.3 trillion as of 31 December 2019. 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.ru [1] 
 
            *** 
 
               IR Service             Press Service 
 
         Nikolai Minashin Sergey Kopytov 
 
Phone: [phone] Phone: [phone] 
 
    [e-mail]        [e-mail] 
 
ISIN:          US48122U2042 
Category Code: MSCM 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  88847 
EQS News ID:   1152026 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1152026&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 01, 2020 11:25 ET (16:25 GMT)