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RNS Number : 8050U
Lenta Ltd
31 July 2015
LENTA ANNOUNCES INTENTION TO ISSUE BONDS TOTALLING RUB 5 BLN
St-Petersburg, Russia; 31 July 2015 - Lenta, (LSE, MOEX: LNTA), one of the largest retail chains in Russia, today announces its intention to launch an offering of RUB 5 billion of BO-03 series bonds (the "Bonds").
The bonds will have a 30-month put option from placement and a maturity of 10 years with a nominal value of RUB 1,000 each. The indicative coupon rate is to be set in the range of 12.2%-12.7% per cent.
It is anticipated that order books will be opened on 3 August 2015, with a closing date of 4 August 2015.
It is expected that Lenta's BO-03 series bonds will be placed on the MICEX and settled on 6 August 2015.
Proceeds raised from the bond issue will provide Lenta with additional financial flexibility to accelerate its store opening programme in 2015 and beyond.
VTB Capital CJSC and JSC Raiffeisenbank will act as arrangers of the deal.
For further information please visit www.lentainvestor.com, or contact:
Lenta Instinctif Partners Anna Meleshina, International Media: Public Relations & Government Mark Walter Affairs Director el:+44 (0)20 7457 2020 Tel: +7 812 363 28 53 E-mail: Mark.Walter@instinctif.com E-mail: anna.meleshina@lenta.com Russian Media: Yana Mogileva, PR Manager Leonid Fink el:+7 (812) 336 39 97 el:+44 783 767 4444 E-mail: yana.mogileva@lenta.com E-mail: Leonid.Fink@instinctif.com
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
July 31, 2015 13:12 ET (17:12 GMT)
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