Source: Mail.ru to collect bids for 10 bln rbl bond on Sep 16

MOSCOW, Sep 7 (PRIME) -- Russian Internet company Mail.ru Group plans to collect bids for its debut 5-year exchange bonds with a volume of over 10 billion rubles on September 16, a banking source told PRIME on Tuesday.

The yield guidance amounts to the premium below 150 basis points to the 5-year OFZ bonds.

The bonds will be issued by Mail.ru Group’s subsidiary, Mail.ru Finance.

Alfa-Bank, Gazprombank, Raiffeisenbank, and SberCIB will organize the placement.

The Moscow Exchange registered in April an indefinite program of exchange bonds by Mail.ru Finance to the tune up to 100 billion rubles.

(72.9538 rubles – U.S. $1)

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