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-VTB Capital, Sberbank handle Russian AFK Sistema's bond sale.

M2 EQUITYBITES-March 24, 2011--VTB Capital, Sberbank handle Russian AFK Sistema's bond sale(C)2011 M2 COMMUNICATIONS http://www.m2.com

24 March 2011 - VTB Capital and Sberbank (MCX:SBER03) have served as organisers and underwriters for the RUB19.5bn (USD687.7m/EUR486.5m) bond issue of Russian diversified holding group AFK Sistema (MCX:AFKC), the company said yesterday.

The five-year debt sale, the company's fourth bond issue, carries a coupon of 7.65%.

AFK Sistema issued the bonds by exchanging 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 EquityBites (EQB)
Date:Mar 24, 2011
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