On 21 December 2022, Mobile TeleSystems PJSC, a leading mobile operator in Russia, made a bond placement worth 15 billion roubles on Moscow Exchange, with BCS Global Markets acting as an Arranger. The initial coupon target range did not exceed 8.65% per annum but during book building the final coupon rate was set at 8.40% per annum (effective yield to maturity at 8.67% per annum).
The issue has a maturity of two years and a credit rating of ‘ruAАА’ by Russian agency Expert RA and ‘AAA.ru’ by National Credit Ratings.
Mobile TeleSystems PJSC (‘ruAАA’ by Expert RA; ‘AAA.ru’ by National Credit Ratings) is a leader in Russia and the CIS in mobile and landline communications, data transmission and Internet access, cable and satellite TV broadcasting services, as well as digital services, including fintech and media embedded in ecosystems, and mobile applications, IT solutions, including communication platforms, IoT, automation, monitoring, data processing, cloud computing, and data security. Its majority shareholder is Sistema PJSFC.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.