Rostelecom announces RUB 15 bln Bond placement

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Coupon rate set at 7.7% per annum

Moscow, Russia July 13, 2021 Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russias national telecommunications operator, today announces the placement of its 002P-06R series bonds at a coupon rate of 7.7% per annum. The bonds have a total nominal value of RUB 15 billion, maturity of 5 years and a nominal value of RUB 1,000 each. The 002P-06R series Rostelecom bonds are expected to be placed on the Moscow Exchange (MOEX) on July 23, 2021.

Proceeds generated from the bond placement will be used for refinancing purposes. VTB Capital, Sberbank CIB and Gazprombank acted as the offerings arrangers.

Sergei Anokhin, Senior VP and CFO of Rostelecom:
"The Rub15bn of proceeds raised via bond placement will be used to refinance Rostelecoms debt portfolio without increasing our debt burden. The issue was oversubscribed by 5 times, evidencing investors confidence in Rostelecoms strong credit rating. As one of the most credible issuers on the market, we continue to enjoy long-term financing at most attractive rates, which helps us to maintain a comfortable capital structure.