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Financial Corporation "Sistema"

March 28, 2019

Sistema closes order book on RUB 10 bn series 001P-10 exchange-traded bonds

Moscow, 28 March 2019.  – Sistema PJSFC (“Sistema”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces the successful completion of book-building for its RUB 10 bn series 001P-10 bonds. Based on the results of the book-building, the coupon was set at 9.90%, implying a yield to the put option of 10.14%.

The nominal value per bond is RUB 1,000. Term to maturity is 3,640 days from the date of placement. The put option is in 3.5 years. The coupon period is 182 days.

Vladimir Travkov, Sistema Vice President and Chief Financial Officer, said:

“In February and March 2019, the Company successfully returned to the local capital markets, with a tender offer on its 001Ð-07 series bond issue with a nominal value of RUB 10 billion and its secondary placement, as well as issuances of two other RUB 10 billion series 001Ð-09 and 001Ð-10 bonds. The results of the book-building reflect the market’s positive perception of Sistema’s credit quality as well as high demand for the Company’s debt securities from a varied pool of investors, including retail investors. Proceeds from the placement will be used to refinance Sistema’s existing debt portfolio.”

The bonds meet the criteria for inclusion in the Level 1 listing level on Moscow Exchange.

Alfa-Bank, Aton, BCS Global Markets, Credit Bank of Moscow and Solid acted as lead arrangers of the placement. MTS Bank and East West United Bank S.A. acted as joint lead arrangers. Alfa-Bank was the placement agent.

 ***

Sistema PJSFCis a publicly traded diversified Russian holding company serving over 150 million customers in such sectors as telecommunications, retail, paper and packaging, agriculture, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2017 reached RUB 704.6 billion; its total assets equaled RUB 1.1 trillion as of 31 December 2017. Sistema's global depositary receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the “AFKS” ticker on the Moscow Exchange.

***

For further information, please visit www.sistema.com or contact:

Investor Relations

Nikolai Minashin

Tel: +7 (495) 730 66 00

n.minashin@sistema.ru

Public relations

Sergey Kopytov

Tel: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

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