Selectel, a Russian IT infrastructure provider, has announced plans to issue two new bond series totaling 5 ₽ billion. The company intends to use the proceeds to fund its investment program, including the purchase of equipment and strategic acquisitions to expand its cloud market presence.
The first issue, series 001P-09R, features a floating coupon rate tied to the Bank of Russia key rate plus a premium of up to 225 basis points. The second issue, series 001P-10R, offers a fixed coupon rate capped at 16.75% per annum, with an effective yield not exceeding 18.1%.
Both bond series have a maturity of 3.5 years (1,260 days) and include monthly coupon payments. The repayment structure involves amortization: 40% of the nominal value will be repaid at the end of the 25th coupon period, with the remaining 60% due at the end of the 42nd period.
The book building process is scheduled for October 6, 2026. Tabula Rasa Investment Company will act as the placement agent, and investors can participate through most major brokers. Selectel currently holds credit ratings of A+(RU) from ACRA and A+.ru from NCR, both with a stable outlook.
As of now, Selectel has four outstanding bond issues on the Moscow Exchange with a total volume of 24.5 ₽ billion. The company reported revenue exceeding 10 ₽ billion for the first half of the year, citing strong demand for infrastructure driven by artificial intelligence development.
