This announcement is for information purposes only and does not constitute an offer to sell or an invitation to purchase securities in, or to persons from, the United States, the United Kingdom, the Russian Federation or elsewhere. Any such offer or invitation is made only by the documentation for the Ruble bonds which has been duly registered by the Moscow Exchange and publicly disclosed in accordance with applicable laws and regulations.

Laws in certain jurisdictions may restrict distribution of this announcement and persons who come into possession of this announcement or obtain other information given herein should familiarize themselves with any such restrictions and fully comply with them. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.

MegaFon successfully places bonds
 

Moscow, Russian Federation (05 April 2019) - Public Joint Stock Company "MegaFon" (MoEx: MFON), a pan-Russian operator of digital opportunities ("MegaFon" or the "Company"), announces that it has successfully closed the order book for its BO-002P-02 series exchange bonds (the "Bonds") with a coupon of 8.90% per annum.
 

The total amount of Bonds placed was RUB 10 bn. The nominal value of a bond is RUB 1,000 and the placement price was 100% of the nominal value. The new bond issue has a term of 7 years with no embedded put options. The final interest rate for the Bonds was determined via the book building process and set at 8.90% per annum. Under the terms of the Bonds issue, interest will be paid semiannually.

The Bonds were offered under MegaFon's exchange bonds programme 4-00822-J-002P-02E which was admitted to trading on 28 June 2018, as previously announced on the Company's website: http://corp.megafon.com/investors/news/capital_market_releases/20180629-1000.html

The proceeds from the Bonds will be used for general corporate purposes, including refinancing of the Company's existing liabilities.
 

JSC VTB Capital was the lead arranger and will act as a placement agent. Transaction settlement is scheduled for 15 April 2019.

 

For more information:

PJSC MegaFon

Investors: Dmitry Kononov
Director for Investor Relations and M&A Tel: +7 926 200 6490 dkononov@megafon.ru

Media: Artem Lebedev
Director for Corporate Communications Tel: +7 925 696 0677 artem.lebedev@megafon.ru

Notes to Editors
MegaFon PJSC is a leading Russian integrated telecommunication service provider, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. MegaFon is traded on the Moscow Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at http://www.megafon.ru

Cautionary Statement Regarding Forward Looking Statements
Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "forecast", "intend", "will", "could", "may", or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies, which are difficult or impossible to predict, and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.

Statement Regarding Inside Information
Some of the information in this document may be inside information. The subject matter, the identity of the issuer, the identity of the persons making the notification and their titles, and the date and time of the notification are all as set forth above.