MTS Completes Redemption of USD 400 Million 2012 Eurobond
OREANDA-NEWS. February 2, 2012. Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in
The bond was redeemed using the Company’s available cash reserves. Coupon payments for the entire period, including the last coupon, which took place simultaneously with the issuance of repayments, amounted to USD 224 million. The Eurobond was issued in January
The capital raised through the bond placement was used for corporate purposes, including the financing of the Company’s acquisition program in
The Company’s total debt as of Q3 2011 stood at USD 7,249.7 million. MTS has one other Eurobond issue currently outstanding: a USD 750 million 8.625% MTS International Funding Limited bond placed in June 2010 with maturity in 2020.