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Published on 11/13/2015 in the Prospect News Emerging Markets Daily.

New Issue: Russia’s Sistema prices RUB 1.7 billion 10.9% 10-year bonds via VTB

By Susanna Moon

Chicago, Nov. 13 – Sistema JSFC said it placed RUB 1.7 billion of 10.9% 10-year series 001Đ-02 exchange traded bonds.

The issue satisfies CBR Lombard list requirements, according to a company press release.

The bonds mature in 10 years with a four-year put option, the company said.

The lead manager and underwriter is VTB Capital.

Sistema is a Russian conglomerate based in Moscow.

Issuer:Sistema JSFC
Issue:Notes
Amount:RUB 1.7 billion
Maturity:10 years
Lead manager:VTB Capital
Coupon:10.9%
Put:In four years
Settlement date:Oct. 13

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