МТS Announces Issue of RUB 10 bn Worth of Bonds
OREANDA-NEWS. April 08, 2013. Mobile TeleSystems OJSC (NYSE: MBT), the leading telecommunications operator in Russia and the CIS, is announcing the placement on the MICEX Stock Exchange of RUB 10 bln worth of series 01 bonds with a maturity of 10 years.
The coupon rate for the series 01 bonds was set at 8.25% annually. The coupon payments will be RUB 41.14 per bond, each of which has a notional value of RUB 1,000. The rate for coupons 2-10 is identical to the rate for the first.
The bond issue has a five-year put offer. Coupon payments will be made on a semi-annual basis. The book-building for the BO-01 bonds was held from March 28-29. The issuance was arranged by Sberbank CIB1, VTB Capital and UniCredit Bank. The agent was Sberbank CIB.
The bonds are traded on the A1 quotations list of the MICEX Stock Exchange.
Proceeds from the sale will be used for general corporate purposes, including the implementation of an investment program.