Tele2 subsidiary in Russia closes debut bond offering
OJSC Saint-Petersburg Telecom, a subsidiary of Tele2 Russia Holding AB, has closed a debut bond issue of RUB 13 billion. The issuer's liabilities under the offering will be covered by irrevocable undertakings from Tele2 Russia Holding AB and Tele2 Financial Services AB. Raiffeisen Bank and VTB Capital acted as lead arrangers and book-runners.
Tele2, one of Europe's leading telecom operators with 31 million customers in 11 countries and net sales of SEK 40.2 billion in 2010, has been operating in Russia since 2003 and now serves more than 19 million in 37 Russian regions. The company's share is listed on NASDAQ OMX Stockholm.
Tele2 was advised by Mannheimer Swartling on the matter. The firm's team was led by Jan Dernestam and Fredrik Svensson and included, among others, Anna Sukharina, Madeleine Rydberger, Tatiana Mikhaleva, Marina Tsurkan, and Maxim Morozov.