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Tele 2 Russia Holding AB (BB+ by Fitch) announces the pricing of a rouble bond issue


June 24, 2011 - London

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that OJSC Saint-Petersburg Telecom (Issuer), a subsidiary of Tele2 Russia Holding AB has closed the book and announced the pricing of a 13 billion rouble bond issue.

 

OJSC Saint-Petersburg Telecom, a subsidiary of Tele2 Russia Holding AB, has closed the books and announced the pricing of a 13 billion rouble bond issue (with 3 tranches). The bonds will have final maturity of 10 years and a put option providing for an effective tenor of 5 years. The final books totalled more than 41 billion roubles with orders from more than 125 local and international investors. The coupon rate for the 5-year period was set at 8.40 percent per annum with semi-annual coupon payments. The Issuer's liabilities under the offering will be covered by irrevocable undertakings from Tele2 Russia Holding AB and Tele2 Financial Services AB.

 

Contacts 

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

 

 

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 31 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2010, we had net sales of SEK 40.2 billion and reported an operating profit (EBITDA) of SEK 10.3 billion.

 

The information in this press release does not constitute an offer or an advertisement of any securities in any jurisdiction. Specifically, without limiting the generality of the foregoing, the information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer, nor the solicitation of an offer to buy or acquire or subscribe

Press release



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: Tele2 AB via Thomson Reuters ONE

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