Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, today announced that the placement of its debut rouble bond will start on June 24, 2008.
MTS plans to place a 10 billion rouble bond with maturity in 2018 and a two-year put option. The coupons are to be paid semiannually.
Lead Arrangers of the bond are Gazprombank, Raiffeisenbank and Troika Dialog. The bond will be listed in the “V” quotation list at the Moscow Interbank Currency Exchange (MICEX).
Funds raised through the placement will be used for general corporate needs, including investments into further company growth and business development.
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