OREANDA-NEWS. Mobile TeleSystems PJSC (“MTS” or "the Company" – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia, announces a change in the coupon rate of the series 08 ruble-denominated bond ("the bond") from an annual rate of 10.75% to 9.25% for 13-14 coupon periods in accordance with the put option.

As the bond carries a one-year put option, bondholders are entitled to a repurchase of their respective securities by the Company. Delivery instructions can be submitted from November 1, 2016 until November 8, 2016. The settlement is scheduled for November 10, 2016. A new put option is set for 15th coupon period.

Gazprombank, the Lead Arranger of the bond, will act as the Repurchase Agent.

The RUB 15 billion series 08 ruble-denominated bond with semi-annual payments and maturity on November 03, 2020. Gazprombank, VTB Capital, Sberbank, Bank of Moscow acted as Lead Arrangers of the bond. The bond was included in the "Level 1" quotation list on the Moscow Exchange.

Mobile TeleSystems PJSC (“MTS” - NYSE:MBT; MOEX:MTSS) is the leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet access and fixed voice, broadband and pay-TV to over 100 million customers who value high quality of service at a competitive price. Our wireless and fixed-line networks deliver best-in-class speeds and coverage throughout Russia, Ukraine, Armenia, Turkmenistan and Belarus. To keep pace with evolving customer demand, we continue to grow through innovative products, investments in our market-leading retail platform, mobile payment services, e-commerce and IT solutions.