Rostelecom announces RUB 10 bln Bond placement Coupon rate set at 6.3% per annum

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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/.