The initial coupon rate of 6.60%-6.75% per annum was set as part of bookbuilding to 6.70% per annum, setting the yield to maturity at 6.81% per annum. There is a four-year call provision. The issue is eligible to be used as investment with pension savings and insurance reserves.
PAO AFK Sistema is a major Russian corporation, owning and managing a large portfolio of companies. Currently, it has a controlling stake in MTS, Detsky Mir, Medsi, Segezha Group, BESK, Agricultural Holding Step, RTI, BESK, etc.
The company has international ratings from the world’s leading agencies, BB- from Fitch, BB- from S&P, as well as ruA from Expert RА.