Rostelecom fixed the coupon rate of the 001P-04R series at 7.15% ann., the company informed.
The issue has been placed in the volume of 10bn rub. within the 100bn rub. worth program approved in Dec. 2015.
The 6-year offering is stipulated; the maturity period covers 10 years. The settlements should be provided on MICEX Mar. 16, 2018. The raised funds are assumed to be spent on the refinancing of the current debts. The issue is arranged by VTB Capital, Sberbank CIB and Gazprombank.
48 bids were set out by all groups of investors to exceed the offer 2 fold.
Rostelecom (TIN 7707049388) is a national com operator. It has 150ths km of lines in Russia. The current structure is in force from Apr. 2011 after the takeover of interregional com companies including TsentrTelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YUTK and Dagsvyazinform. The length of the main com lines cover 500ths km. The securities are under trading on RTS/MICEX and OTCQX in USA.
The share capital is equal to 7.965mln rub. split in 2943258269 common and 242831469 preferred stocks of 0.0025 rub. par. The government is a major holder.
The IQ 2017 net profit (RAS) was halved to 1.338bn rub. from 3.418bn rub. prior year; revenues declined 3.6% to 66.816bn rub. from 69.345bn rub.; gross profit - 1.4 fold to 5.27bn rub. from 7.281bn rub.; pretax profit - 2.4 fold to 1.822bn rub. from 4.45bn rub.
The 9-month 2017 net profit (IAS) increased 14% to 9.881bn rub. from 8.663bn rub. prior year; revenues - 2% to 22.216bn rub. from 217.039bn rub.; operating profit remained almost same - 28.573bn rub. vs. 28.588bn rub.; OIBDA gained 71.163bn rub. vs. 72.4bn rub (-2%).
13:42, 07.03.2018 1251 AKM,COR