Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” or the “Company” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the redemption of the series 01 ruble-denominated bond in the amount of 10 billion rubles.
The 10 billion ruble series 01 ruble-denominated bond with maturity in October 2013 was issued on October 23, 2008, with an 18 month put option. The coupons were to be paid semiannually at the rate of 14.01%. On April 09, 2010, MTS set a new 7% coupon rate for the coupon payments to be made on the series 01 ruble-denominated bond until maturity. On April 26, 2010, upon execution of the put option by bondholders, MTS repurchased the series 01 ruble-denominated bond in the amount of 7.1 billion rubles.
Lead Arrangers of the bond were Gazprombank, Raiffeisenbank, Sberbank and Troika Dialog.
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For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems OJSC
Tel: +7 495 223 2025
Learn more about MTS. Visit the official blog of the Investor Relations Department www.mtsgsm.com/blog/