Rostelecom

Regulatory Filings • Feb 7, 2020

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ROSTELECOM PJSC (RKMD)

ROSTELECOM PJSC: Rostelecom announces RUB 15 bln Bond placement

07-Feb-2020 / 17:24 MSK

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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Rostelecom announces RUB 15 bln Bond placement

Coupon rate set at 6.25% per annum

Moscow, Russia - February 7, 2020 - Rostelecom PJSC (MOEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces the placement of its 002P-03R* series bonds at a coupon rate of 6.25% per annum. The bonds have a total nominal value of RUB 15 billion, maturity of 3 years and a nominal value of RUB 1,000 each. The 002P-03R series Rostelecom bonds are expected to be placed on the Moscow Exchange (MOEX) on February 18, 2020.

Proceeds generated from the bond placement will be used for a range of general corporate purposes, including financing the cash portion of the transaction that sees Rostelecom consolidate 100% stake in Tele2 Russia. The lead arrangers of the offering are VTB Capital, Sberbank CIB, Gazprombank.

Sergei Anokhin, Senior VP and CFO of Rostelecom, commented: "Our second placement within this week coincided with the Central Bank of Russia decision to decrease the key rate which enhanced the demand for our bond issue. This enabled us to get more favorable coupon rate. Our major goal remains intact to maintain a comfortable debt structure via increase the portion of long-term and cheap money in our portfolio. Strong demand was partly supported by Rostelecom's high credit ratings from the major rating agencies."

Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.

*The programme of listed bonds, identification number 4-00124-A-002P-02E from 15.12.2015, totaling RUB 200 billion.

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Rostelecom is the largest digital service provider, operating in all segments of the telecommunications market in Russia, it serves millions of households, the state and private enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed Internet access to over 13.1 million users and pay-TV services to more than 10.3 million clients, over 5.5 million of which are subscribed to Rostelecom's IPTV services on a national level.

In the nine months of 2019, the Group generated RUB 242.6 billion of revenues, RUB 81.4 billion of OIBDA (33.6% of revenue) and RUB 16.4 billion of net income.

The Group is the leading provider of telecommunications services to government bodies and corporates of all levels.

Rostelecom is a key strategic innovator that provides solutions in the following fields: E-Government, cybersecurity, data-centers and cloud computing, biometry, healthcare, education and housing & utility services.

The Group's stable financial position is confirmed by its credit ratings. Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.

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ISIN:	US7785291078
Category Code:	MSCH
TIDM:	RKMD
LEI Code:	2534001D752JPNM0H170
Sequence No.:	45370
EQS News ID:	970757

End of Announcement	EQS News Service

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