DJ Rostelecom announces RUB 10 bln Bond placement Coupon rate set at 6.3% per annum
ROSTELECOM PJSC (RKMD)
Rostelecom announces RUB 10 bln Bond placement Coupon rate set at 6.3% per
annum
07-Oct-2020 / 16:31 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 10 bln Bond placement
Coupon rate set at 6.3% per annum
Moscow, Russia - October 7, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP;
OTCQX: ROSYY), the largest integrated digital service provider in Russia,
today announces the placement of its 002P-05R* series bonds at a coupon rate
of 6.3% per annum. The bonds have a total nominal value of RUB 10 billion,
maturity of 5 years and a nominal value of RUB 1,000 each. The 002P-05R
series Rostelecom bonds are expected to be placed on the Moscow Exchange
(MOEX) on 14.10.2020.
Funds raised from the bond placement are expected to be used for refinancing
purposes. The lead arranger of the offering is Region broker.
Sergei Anokhin, Senior VP and CFO of Rostelecom:
"Management reiterates our major goal of maintaining a comfortable debt
structure by increasing the cheaper, long-term debt portion of our debt
portfolio. It is clear there is only limited scope for a further decrease of
the key rate in Russia. Thus, we are using this window of opportunity to
replace the more expensive back book of liquidity with cheaper public debt
via a traditional bond instrument. We appreciate the confidence investors
have displayed in Rostelecom's strong credit rating, which has enabled us to
attract the financial resources we seek from the market."
*The programme of listed bonds, identification number 4-00124-A-002P-02E
from 15.12.2015, totaling RUB 200 billion.
Further information is available at
https://www.company.rt.ru/en/ir/news_calendar/ [1].
* * *
Rostelecom [2] is the largest integrated digital services and products
provider, operating in all segments of the telecommunications market in
Russia. The Company serves millions of households, state and private
enterprises across the country.
Rostelecom is Russia's undisputed market leader, providing high-speed
Internet access and pay-TV. The total number of broadband users stands at
over 13.4 mln users, it has more than 10.7 mln pay-TV customers, over 5.8
mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a
Rostelecom subsidiary, is a major player in the mobile market with over 44
mln subscribers and the industry-leading NetPromoter Score, a customer
satisfaction benchmark.
The Group is the leading provider of telecommunications services to
government bodies and corporates of all levels.
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. *
* *
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.
ISIN: US7785291078
Category Code: MSCM
TIDM: RKMD
LEI Code: 2534001D752JPNM0H170
Sequence No.: 85573
EQS News ID: 1139462
End of Announcement EQS News Service
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(END) Dow Jones Newswires
October 07, 2020 09:31 ET (13:31 GMT)
