Selectel, Russian provider of IT infrastructure and data center services, has completed its debut placement of a 3 billion rubles (over $ 40 million) bond issue on the Moscow Exchange.
The collection of applications for the issue took place on February 18, technical placement and the start of trading are scheduled for February 25. The coupon rate is set at 8.5% per annum, taking into account the semi-annual coupon payment, it corresponds to a yield of 8.68% per annum, the company added. The circulation period of the issue is three years.
According to Oleg Lyubimov, CEO of Selectel, the company plans to use the funds raised to build new data centers, purchase high-performance equipment and develop new IT products.
Lev Leviev, Founder of Selectel