Source: Rostelecom cuts guidance for 10 bln rbl bonds to 8.4–8.5%

MOSCOW, Mar 26 (PRIME) -- Russian state-controlled telecom operator Rostelecom has reduced the coupon guidance for a 10 billion ruble issue of 10-year exchange bonds to 8.4–8.5% annually from 8.6–8.7%, a banking source told PRIME on Tuesday.

The new guidance corresponds to a yield to put of 8.58–8.68% annually against 8.78–8.89%.

The bonds will carry semi-annual coupons and an offer option in three years after the placement, which is preliminarily scheduled for April 3.

Gazprombank, Rosbank, Sberbank CIB, and VTB Capital are acting as organizers.

(64.4993 rubles – U.S. $1)

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