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-Deutsche, M Stanley, VTB Capital to host roadshow for AFK Sistema's eurobond.

BANKING AND CREDIT NEWS-May 2, 2012--Deutsche, M Stanley, VTB Capital to host roadshow for AFK Sistema's eurobond(C)2012 M2 COMMUNICATIONS http://www.m2.com

2 May 2012 - Deutsche Bank (ETR:DBK), Morgan Stanley (NYSE:MS) and VTB Capital have been hired to arrange a string of investor meetings ahead of the proposed eurobond sale of Russian diversified holding group AFK Sistema (MCX:AFKC), news agency Prime said on Tuesday, citing a financial source.

The roadshow is expected to begin on 2 May, the insider said.

AFK Sistema is looking to sell a 10-year bond with a size of USD300m-USD400m (EUR228m-EUR305m) in a 144a/RegS deal.

The company, which has businesses ranging from oil to telecommunications, last visited the eurobond market in 2004. The USD350m security, which had a coupon of 8.875%, was redeemed last year.

Last March, AFK Sistema sold a five-year RUB19.5bn (USD662m/EUR504m) bond in a deal managed by VTB Capital and Sberbank. The company issued the series 4 bonds by swapping them for bonds from its second and third issues, repurchasing 43% of the second and 57% of the third bond issues.

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Publication:M2 Banking & Credit News (BCN)
Date:May 2, 2012
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