Russia’s Lenta to offer RUB 5 billion of 10-year series BO-06 bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – Lenta plans to launch an offering of RUB 5 billion of its 10-year series BO-06 bonds, according to a London Stock Exchange notice.

The bonds will have a 36-month put option from placement and a nominal value of RUB 1,000 each.

It is anticipated that order books will open and close on Sept. 8. The bonds are expected to be placed on Micex and settled on Sept. 10.

Proceeds will be used to accelerate the company’s store opening program.

VTB Bank and AO Raiffeisenbank will act as arrangers.

Lenta is a retail company based in St. Petersburg.

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