Selectel, the largest independent provider of IT infrastructure services in Russia, is planning to issue bonds worth 3 billion rubles with a fixed coupon rate and a 2-year maturity period. The target yield is a premium of no more than 275 basis points to the value of the Moscow Exchange's zero-coupon yield curve with a 2-year maturity. Coupon payments will be made monthly. The company plans to conduct a bookbuilding process in the first decade of April.
According to iKS-Consulting, the market for cloud infrastructure services grew by more than 30% in 2023. We are among the top 3 players in the IaaS market and believe in its long-term growth. To meet the growing demand, Selectel continues to invest in expanding its infrastructure: this year, we are starting the active phase of building the 'Yurlovsky' data center in Moscow.