Tele2 Russia opens bid book for 5 bln rubles in bonds
MOSCOW. June 2 (Interfax) - Tele2 Russia opened the bid book for a debut 5 billion rubles in ten-year bonds at noon Moscow time on June 2, the company said.
A source close to the placement told Interfax that guidance on the first coupon was 9%-9.5%. The bonds will carry a put option after five years.
VTB Capital and Raiffeisenbank will keep the book open until 4.00 p.m. on June 22. The bonds will be placed on the MICEX exchange on June 24.
The Federal Financial Markets Service (FFMS) on May 19 registered seven bond issues worth a total of 30 billion rubles for Tele2 Russia. The first and second issues will be 5 billion rubles each, third and fourth issues - 3 billion rubles each, fifth and sixth issues - 4 billion rubles each and seventh issue - 6 billion rubles.
Tele2 has operated in Russia since 2003. The company is licensed to provide cellular services in 37 regions of six Russian federal districts with services provided to over 18 million subscribers. According to ACM Consulting, Tele2 cornered 8.4% of the Russian cellular market in the fourth quarter of 2010.