On 21 December 2022, Mobile TeleSystems PJSC, a leading mobile operator in Russia, made a bond placement worth 15 billion roubles on Moscow Exchange, with BCS Global Markets acting as an Arranger. The initial coupon target range did not exceed 8.65% per annum but during book building the final coupon rate was set at 8.40% per annum (effective yield to maturity at 8.67% per annum).
The issue has a maturity of two years and a credit rating of ‘ruAАА’ by Russian agency Expert RA and ‘AAA.ru’ by National Credit Ratings.
Mobile TeleSystems PJSC (‘ruAАA’ by Expert RA; ‘AAA.ru’ by National Credit Ratings) is a leader in Russia and the CIS in mobile and landline communications, data transmission and Internet access, cable and satellite TV broadcasting services, as well as digital services, including fintech and media embedded in ecosystems, and mobile applications, IT solutions, including communication platforms, IoT, automation, monitoring, data processing, cloud computing, and data security. Its majority shareholder is Sistema PJSFC.