OREANDA-NEWS. Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the pricing of its USD-denominated Loan Participation Notes in the amount of USD 500 mln with an annual interest rate of 5.00% and a maturity in May 2023. The proceeds will be used for general corporate purposes.

The notes will be issued by MTS International Funding Limited, a private company organized and existing as a private limited company under the laws of Ireland, and are expected to be listed on the Irish Stock Exchange.

Gazprombank, JP Morgan and The Royal Bank of Scotland were the Joint Lead Managers.