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North-West Telecom to choose arranger for $200m syndicated loan

27.05.2008 - dp.ru

North-West Telecom to choose arranger for $200m syndicated loan

North-West Telecom has announced its intention to hold an auction in order to choose arranger for a $200m syndicated loan, according to Interfax. Bids will be received from May 27 till June 26. The auction is scheduled for June 30, a contract between the future arranger and the borrower should be made by July 21. The initial margin is set at 275bp over Libor, the price may be lowered at auction. The fee for arranging the facility is set at 1.75% of the loan size.

A bank chosen at auction will have to extend $150m to the borrower directly and assist in raising the remaining $50m via syndication.


Issuer profile: The open joint-stock company North-West Telecom is one of the leading telecom companies in Russia. North-West Telecom provides a wide range of telecommunication services on the territory of the North-Western federal district. Founded in November of 2001, today JSC North-West Telecom includes ten branches: Arkhangelsk branch, Kaliningrad branch, Karelia branch, Komi branch, Leningrad region branch, Murmansk branch, Novgorod branch, Pskov branch, St-Petersburg branch, Vologda branch. The company provides the following kinds of telecom and extra services: local and intrazonal communication services, access to long distance (international long distance) services of long distance operators, telegraph services, mobile radio telephony (trunking) services, data transmission network services, access to the Internet, telematic services, intelligent network services, video conference services, audio conference services, TV broadcasting over cable TV network, inquiry and information services, physical lines and channels leasing. Primary shareholder is Sviazinvest with 39.528% stake.
Outstanding issues:
  3 issue(s) outstanding worth RUR 8 000 000 000
Issuer's rating:
National Rating Agency BBB+ National scale (Russia) 07/06/2007










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