On 7 December 2022, Sistema PJSFC made a bond placement worth 10 billion roubles on Moscow Exchange, with BCS Global Markets acting as an Arranger. The initial coupon target range was 10.20-10.40% per annum but during book building the final coupon rate was set at 10.00% per annum (effective yield to put option at 10.38% per annum). Rated as ’ruAA-’ by Russian rating agency Expert RА, the issue has a 10-year maturity and a put option in three years.
AFK Sistema PJSFC (‘ruAА-‘ by Expert RА) is one of the largest private investors in the Russian economy with a unique portfolio of assets across sectors, including telecommunications, timber processing, agriculture, pharmaceuticals, medicine, real estate, and e-commerce. Currently, it has major stakes in MTS, OZON, Segezha Group, Etalon Group, MEDSI, Binnopharm Group, and others.