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interest rate by some 1pp or 20%, we estimate.
Company is in the process of obtaining an international credit rating and aiming to enter the eurobond market, as it has potential to leverage more and grow faster (1.2x ND/EBITDA at present, while the IPO presentation said that 2.0x, would be comfortable).
191 RUSSIA Country Report September 2021 www.intellinews.com